Answers (5)
- Daniel Burkle, "dburkle"
- Contributions:3
firsttime,
I'd be happy to meet with you to address your particular situation, and provide a FREE MORTGAGE ANALYSIS, to see if you qualify for a mortgage, and if so, the amount that you would qualify for. There are a number of considerations that lenders look at these days, and the whole picture provides so much more information, than what you've provided here. If you don't qualify yet, I could help you determine the steps necessary to qualify.
In any event, you certainly have a good start with the money you've set aside, and congrats on the new employment.
With the interest rates at historic lows, and real estate prices at more affordable levels, I'd love to help you find out where you "stand" in qualifying for a home loan.
I'd be happy to meet with you to address your particular situation, and provide a FREE MORTGAGE ANALYSIS, to see if you qualify for a mortgage, and if so, the amount that you would qualify for. There are a number of considerations that lenders look at these days, and the whole picture provides so much more information, than what you've provided here. If you don't qualify yet, I could help you determine the steps necessary to qualify.
In any event, you certainly have a good start with the money you've set aside, and congrats on the new employment.
With the interest rates at historic lows, and real estate prices at more affordable levels, I'd love to help you find out where you "stand" in qualifying for a home loan.
If you are truley putting down that much (30+%) a local lender may be able to help you or you should search out a good FHA lender. 630 credit score is still OK for an FHA loan. Job history may need some explaining as to why you have had it for short time. Lastly you should know that your Debt Ratio might be high as we can go up depending on circumstances. If you buy $135K and put 30% down and you have a loan of $95K your debt ratio could be the one factor hurting you. If you have any other questions don't be afraid to contact me.
- Michael Austin, "M.Austin"
- Contributions:67
You should ask a local lender to get an advice. Oftentimes, advice is for free.
- firsttime_homebuyer
- Contributions:4
Wetdawgs, I thought I would get mor lender response here than I did where I posted my question before.
What are my chances of reciving a mortgage?
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