new mortgage in Virginia with a new job?

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How feasable is it in this market to obtain a mortgage loan of $ 225k having been on my job less than a month. The job pays over $ 50k a year, credit is o.k. no major debts, no debts really, a couple minor things to clear up but thats all. Thanks

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    April 29, 2011 at 10:51 pm

    With a $ 50K salary a year, you won’t qualify for a $ 225K mortgage, unless you plan on having about a $ 125K down payment.

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