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meamemg t1_j6n8zph wrote

Without doing the math, I'd write off whatever you legitimately can. Every dollar in you pocket is a better position. But how much do you think you can save up over the next two years? How low would your taxable income get if you write everything off? How would the DTI compare on the mortgage to guideline rates?

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orvillian11 OP t1_j6n9mdz wrote

Probably around 45-50. I buy paint and that runs me at least a few thousands among other expenses. I think I can save at least 10k

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meamemg t1_j6na097 wrote

Ideally you'd have more saved up. Preferably 20%. You also need probably ~$5k for closing costs, although that amount can vary a lot from place to place. That said, $50k in income should be enough to get a $100k loan. If you are going more towards the top of the range, you might run into trouble, but probably not worth paying extra tax over.

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