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Are we likely to get this loan?

ASKING PRICE (from builder): $189,900 (let's say we offer and they approve $165,000)
FIRST TIME BUYERS
DOWN PAYMENT AMOUNT: $7000 (OR $8000 IF NECESSARY)
GOOD CREDIT SCORE&FAIR CREDIT SCORE (two of us)
BEAUMONT, TX AREA
ANNUAL INCOME FOR 2: $76,000
MONTHLY DEBT: $1000 (including student loans, car loan, and credit cards)

  • March 16 2009 - Beaumont
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    0Yes

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Answers (1)

As far as qualifying, you seem perfect for FHA. You have all that is needed...good credit, stable income and moderate debt ratios.

The 3 C's...credit, character and capability.
  • March 17 2009
  • 0Yes

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