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Can someone provide me some insights into the Senior Solutions Developers roles at Amazon AWS? What are expected TC range for remote positions with 10+ years of experience? What kind of questions should I expect during the first technical interview(90 minutes)? Specially for the coding part(20-30 mins) what level of LC questions do I need to prepare for? I already got some ideas about System Design and LP parts however there is not any info out there regarding the coding part for this position.
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In Texas, if you’re under $85k, you qualify for down payment assistance up to 5% of the purchase price (I think it’s 5%). House has to be under $295k.
It’s a forgivable 2nd mortgage forgivable after 3 years.
Thank you!
There’s a ton of mortgage calculators and other “how much house can I afford” resources online, but would talk to a lender in your area and get their opinion, if you’re serious about buying something soon.
I live in Austin and I’m gonna be honest. There’s no way you can afford a house here. Cheapest houses in the city are listed for over 300k now and that’s for a tiny, not so nice place you wouldn’t want to live in, or it’s so far from the city you might as well stay living with your parents.
There’s currently 63 houses listed below 300k for sale in Austin right now
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It doesn’t seem like you’re in a financial position to buy a house yet. Save more, try to work on increasing your income, and pay down debt first.
Thank you! That’s definitely the plan !
Is 10k part/all the down payment? Investment property or primary residence? Investment property usually requires 20-25%.
Can always house hack a small multi family property
Thanks! I’m serious just very nervous and anxious.
Yeah it’s not every month. It’s sometimes! But true!
Err maybe save more $$ first? 🥴
Definitely get a house instead of a condo, there are several benefits including no hoa (in most cases), easier to sell in the future, greater increase in value, etc.
Got my first home with only 3.5%, sold it a couple of years later with some equity…now, I am about to close escrow on my third home. Good luck 🍀
keep saving and keep working towards earning more. Also getting married to an income earner helps. This salary/down payment is not even close to being able fro afford a house, especially in austin.
Consider buying a run down duplex you can fix up and rent out the other half, only need 3.5% down but with that much debt you’ll have a hard time qualifying.
Aye I’m in Philly market, feel free to reach out would love to connect.
But to answer your question your DTI would be (280 + 30 + 200) / (60,000 / 12) = 10.2%. That is an excellent DTI. Are you living at home with your parents? Don’t forget to include rent if applicable
Most lenders want to see under 40% so doing the math that’s a $1,490 mortgage
You’re right I forgot about PMI/MIP and prop taxes (and maybe homeowner’s insurance - I forget), thanks for pointing that out.
And unless lending standards have tightened since I closed on my duplex 8/2020 I would disagree with OP having no shot with 45% DTI
My lender told me only over 50% is an auto rejection for conventional lending (can still go FHA up to something like 55%). I closed on a conventional mortgage with a 43 or 44% DTI and only had to put 6.9% down instead of 5% due to my DTI and my rate is 2.875% fixed for 30 years. And that’s on a multi unit, could do even better on a SFH