What are the chances of someone like me getting a loan for a house?

With your income a normal bank would lend you around $63k for a home (this is assuming a 5% at 30 years considering you have no debt and a good credit history.) Your age might be problem because you more then likely do not have a long credit history, also how long you have been at your job is a huge factor. If you do find a bank that will lend you more be very careful because you will be seriously stretching yourself thin.

A good place to find out how much a bank will lend you is http://www.bankrate.com/calculators/mortgages/new-...

I would recommend sitting down with a mortgage banker, fill out an application, and see if you can preapproved. I hope this helped, good luck!

The best way to find out is to join some credit unions and apply to them for prequalification for a mortgage. Prequalification is what people get before they start looking for a house to buy.

If you don't want to join any credit unions, try some banks. But be aware that a typical bank will waste a lot of your time and money and not give you a very good deal, if at all. The bigger the bank, the worse they tend to be.

Here is all you ever need to know to buy as many houses as you want for the rest of your life, regardless if it is personal property, rental property, or commercial real estate:

Find a property where the owner is behind on the mortgage payments, and offer to catch them up on their payments in exchange of putting your name on the title.

Set up everything at the title company, and DO NOT give the money to the owner to catch up the payments.

You will save the owners credit, plus you will own the house.

Now, if you are picky and have to have a certain house on a certain block with a certain floor plan and pink flowers in the garden with a white picket fence - this strategy will NOT work for you.

But if your concern is truly building wealth and becoming a home owner, you can pick up properties with tens of thousands of dollars in equity in them for very little money to catch up the payments and put the house in your name.

You also need to set up the house in a land trust, and I have the paperwork to help you. You can pay me a small fee for my time, and I will help you set up everything once you find a house.

Follow my blog and stay in touch with me:

http://equityestates.blogspot.com/

Call or text Rose Wilkinson @ 405-881-5958

You are highly unlikely to get approved for a loan....at best, you MIGHT get approved for a home loan of only $40,000 or $50,000 but $100,000 is out of the ballpark.

Keep in mind, that an income of $1,000 or less is where lenders AUTOMATICALLY deny loans based on the fact that you are living below the poverty level.

If you have absolutely no other debt you may get lucky to recieve a loan for basically 3x your annual salary, so you would top out around 40k.