The best answer - it depends. All lenders consider your budget (income minus expenses) in qualifying you for a loan. Some lenders also have mimimum loan amounts which therefore require you to have a minimum income of $X. Your best bet is to shop around for lenders - check out community banks, credit unions and online peer-to-peer lenders as they tend to have the most flexible terms in order to learn what options are out there for your situation.
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