/biz/ - Business & Finance

>>19596155
Here's the deal, my wife and I have 120k saved up between the two of us. We have access to the VA home loan, and shes 100% disabled which means in Texas we dont pay property tax. In my head there is no reason not to buy a house, the problem is getting approved for a loan. She makes 3k a month in disability, i make 3.5k in unemployment and GI Bill going to college. So our verifiable income is only 36k a year. We have no debt, but looking online it says most lenders would only approve a loan of 3x your take home, being around 100k. Were currently renting a place right now paying 800 a month, and with the amount of savings we have we can almost buy off the houses around here in full(they range from 140k-200k). But i would rather not blow our savings load if i can avoid it. Whats the move here guys? I wont be buying till around February of next year, but i would like to get some advice from more knowledgeable anons then myself so i can prepare.

>>19238888
bump for interest, this effects me as we are very rapidly heading towards a depression.

>>19188288
I heard the bottom of the housing market happens 6 months after a financial crisis. Seeing as the Fed bois have been pumping trillions into the economy when should i start my clock?
Pic related, its me.