INCOME QUALIFICATION CALCULATOR
Income
Salary/Wages Per Month: $
Other Monthly Income: $

Housing Expenses
Property Taxes Monthly: $
Hazard Insurance Monthly: $

Other Expenses
Monthly Auto Payment(s): $
Monthly Credit Cards and Other Payments: $

Loan Term and Interest Rate
Loan Term: Yrs.
Interest Rate:    %

 

Results
You may qualify for a maximum monthly mortgage payment (P+I) of:
$
You may qualify for a maximum loan amount of:
$

Conventional Fannie Mae/Freddie Mac guidelines allow for debt ratios of 28/36. Borrowers exhibiting excellent credit may exceed these ratios along with other compensating fctors. Please consult a Grand Oak Mortgage representitive to get Pre-Approved for a loan.

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"Our Loan Officer and Loan Processor were great to work with, they were pleasant and helpful" - Mr. & Mrs. Pulliam

"The staff went up and above any of our expectations. Explaining everything step by step, very professional and helpful" - Dale Gohn & Kristie Tickle

"As a first time home buyer I was very unclear on what was involved in applying for a mortgage and what points and closing costs really were. Grand Oak Mortgage Company took the time to explain and educate me and my wife on the entire mortgage process" - Mr. & Mrs. Zlotnik

"Thank You Grand Oak Mortgage, my loan experience was all that you said it would be, fast and hassle-free" - Mr. & Mrs. Babcock

"Grand Oak Mortgage was great to deal with. Everytime, I spoke with them they were very upbeat and happy. It was a real pleasure dealing with such a great staff. They were very patient with me even when they had to explain things to me twice" - Mr. Passalacqua

"My Loan Officer was very helpful and all for us, she gave us insight into the ins and outs of the business" - Mr. & Mrs. Gonzalez

"Grand Oak Mortgage was very helpful, we want to thank them for getting us in our house. Very good company, who cares about their clients" - Mr. Zak

"With all the different loans programs available I didn't know the best program for me. With the help of my Grand Oak Mortgage Company Loan Officer I ended up with a loan program that saved me nearly $100/month on my house payment" - Mr. & Mrs. Wink

*We are proud to announce that all of our Loan Officers are S.A.F.E. act compliant.