Back to Results
Please enter a valid email address.
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.
Please enter text in the "Enter the text to display" field.
Please enter text in the "Enter URL" field.
Please enter a valid URL.
Please insert a video embed only
My advice is to contact a lender you trust. They can assess your current finances and determine how much loan you can qualify for. This will also help you know your budget. It's wonderful that you're debt free too, which makes it easier to qualify.
As for your wife who doesn't have an established credit, you can always put the loan and title under your name and you'll be fine. An FHA loan might be a good option for you since you are first time home buyers. It offers affordable closing costs, easy credit requirements, and easier down payment options. If you have any more questions or need a reference for a lender, please call me at anytime-- (303) 656-9561.
The fact that you are debt free is great! A full analysis of your financials would be recomended to see exacly how much income you could use for qualification purposes. Typically, individuals in the service industry make significantly more that what is shown on their tax returns, W2's and paystubs. If you claimed 45K and your wife claimed 16k on your taxes and you have no monthly debt than you would be able to qualify for a mortgage payment around $1500-$2000 depending on what type of loan program you decide to do. As far as a down payment the minimum required would be 3.5% of the purchase price. Specific areas that are USDA approved would require 0% down payment and current or former military would also qualify for 0% down in most cases. Hope this helps out and please contact me with any questions.
So, you are newly married and is moving ahead to buy new home and ready to get off on the right foot financially. I think with your credit score, you will get best mortgage rates. Have at least 5-10% of the purchase price to apply as a down payment.
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.
For Sale: $279,900
For Sale: $950,000
For Sale: $169,900