Profile picture for carolbonner60

My husband went back to work after two years on L&I,I have worked straight for nine years,mortgage?

My husband went back to work two months doing the same thing as he did previously. I make almost twice as much as him. Would we able to apply for a mortgage?
  • February 07 2009 - Seattle
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Answers (8)

I like the advice here so far, you could certainly apply. One question I would have is you state that your husband "went back to work" How long was the gap that he wasn't in this field or was he laid off?

Certainly submit a loan quote and get with a good banker/broker.

Good Luck!

Michael
  • May 28 2009
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Hi Carol,

I would recommend you seek advise from a HUD Approved Mortgage Counselor that would be able to give you unbiased information.

There's a great state organization the offers FHA and down payment
assistance programs up to $10,000.

Hope this helps
 
  • May 28 2009
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Profile picture for daveskow
with him returning to work ...as long as it can all be validated ...you should be fine to use both your incomes for qualifying purposes
  • February 07 2009
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I agree with Richard, a 200K loan would be aprx $1500/month and aprx 42% total debt ratio. Get with a lender / broker here by posting a quote request. 
  • February 07 2009
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You can absolutely apply for a loan . . . Your husband's employer will have to state that he is back to his original position and is a perment full time employee.  Find a good experienced loan office to work with and get pre-approved for your new loan.  That way you will find out if there's anything preventing you from getting approved and will make your home buying experience much more relaxed.  Best of luck . ..    
  • February 07 2009
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Profile picture for carolbonner60
We would to spend about 200,000 on a house.
  • February 07 2009
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He has 780 and I have 753. We have approximately 1450 in debt monthly and gross 85,000 a year.

  • February 07 2009
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What are your incomes and how much house do you want to buy?
Also, credit scores and total monthly payments on accts that report to the credit bureaus?
  • February 07 2009
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