Close

See current mortgage rates on Zillow Mortgage Marketplace

Profile picture for BradleyBaker

The house I found has a list price of 125,000, I have 7k to put down.

I have a 720 credit score, make 30,000$ per year, only other payment is 150$ credit card monthly. Can I get approved?
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
October 26 2013 - Milwaukee
We think we've answered this question for you!
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
 
 

Answers (6)

Best Answer
Call your lender, or I can get you contact info for some great lenders I've worked with. Make the call ASAP... don't sit on it. The best properties go quick. A good lender should be able to preapprove you in a day. All you need is a preapproval letter to submit an offer. Make sure you get a market report on similar listed and sold homes in the area. Recently sold prices will tell the whole story. Never submit an offer without knowing the market. If the seller has a good agent listing the home, they receive updates and know the value. Now the task is to get the best market price after getting your preapproval letter. The key to a great buy in Real Estate is to act quick!!!! 
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
October 26 2013
Numbers look fine but a complete application would be needed to verify for sure.  We look to verify income, down payment, and credit.  If you want to work with someone local you can get my info from my profile here.

Good luck and hopefully you will be a homeowner soon.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
October 29 2013
[Promotion and hotlink removed by Zillow moderator. Please see our  Good Neighbor Policy for information.]
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
October 28 2013
From the basic information provided, it seems you are a strong borrower. I am a Senior Mortgage Consultant with a National Lender. Please feel free to contact me through my profile with any questions, or help with the process. Thank you.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
October 28 2013
Unfortunately, we do not know enough about your finances to tell you whether or not you can afford that loan. Since it's probably inconvenient and also unwise to post your entire financial background on here, it would be easier if you spoke with a lender directly to see if you can apply for a loan. The best thing for you to go is to shop around and speak with a lender. Lenders like myself would be glad to speak with you to help you get the loan that you need. Well I hope this helps, if you have any other questions or need a loan please contact me through the information on my profile page. I hope this helps and good luck! 
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
October 28 2013
Profile picture for wetdawgs
Here's a link to a "what can I afford?" calculator that will allow you tinker with various assumptions. 
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
October 26 2013
 
Related Questions
The house I found has a list price of 125,000, I have 7k to put down.
Profile picture for Mark Nehs, Wisconsin
Latest answer by Mark Nehs, Wisconsin
October 29 2013 | 6 answers
Mortgage Rates
 
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.

Homes for Sale
  1. 2222 S Mound St, Milwaukee, WI Home For Sale
    2222 S Mound St, Milwaukee, WI 53207

     For Sale: $127,900

    • Beds: 3
    • Sqft: 1452
    • Baths: 2.0
    • Lot: 3840
  2. 2581 N Farwell Ave, Milwaukee, WI Home For Sale
    2581 N Farwell Ave, Milwaukee, WI 53211

     For Sale: $275,000

    • Beds: 3
    • Sqft: 1620
    • Baths: 2.5
    • Lot: --
  3. 407 E Hampton Rd, Milwaukee, WI Home For Sale
    407 E Hampton Rd, Milwaukee, WI 53217

     For Sale: $242,500

    • Beds: 3
    • Sqft: 1540
    • Baths: 2.0
    • Lot: --