ready to apply for a home mortgage, first time, high cc debt, good scoresHello people of Zillow,I hope you all can provide me with some great advice. I want to buy a 2 family home, so I can rent out one of the habitation to help me with the mortgage payments. Between my wife and myself we have 27K in credit card debt, all current which we pay on time above the minimum balance. her credit score is 680 and mine is 723. She makes 31K/yr I make 50K/yr. We also have approx. 23K in savings, we are 24 years old.Will banks be willing to lend to us? And im kinda paranoid about missing out on these lower than 5% rates, which are above 5% as of today. Obviously i would want an FHA loan, but i really do not know what to do....should i wait it out longer?June 04 2009 - Richmond Hill00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.