4 ms·
my family makes more than that but we still can’t afford a single family house where we live (DC area, within beltway)
by sheeshkebab 7y ago
my family makes more than that but we still can’t afford a single family house where we live (DC area, within beltway)
- sokoloff 7y agoI see plenty of SFRs inside the beltway for $500-800K (and loads in the just over a million range). I'm not sure what other debt service you have that might be limiting your back-end ratios, but on a front-end ratio (house only), you should qualify for a mortgage of $2MM or more. (Whether that's a good idea or not is perhaps a different question.) https://www.zillow.com/homedetails/2614-22nd-St-NE-Washington-DC-20018/503391_zpid/ https://www.zillow.com/homedetails/2614-22nd-St-NE-Washingto...
- brewdad 7y agoYou can, you just might have to settle a little bit. Falls Church has the lowest poverty levels in the US, so there really isn't a bad neighborhood. There are currently 106 homes in Falls Church with 3+ beds and 2+ baths priced under 1.5 million which should easily be doable for a household making $500,000+.