My credit is not so great. I have one truck loan that Im paying on presently, and have never be more than 1 day unpaid on (The payment is due on the 21st, and twice, I compensated it on the 22nd because I forgot.i dont know if thats considered late), and I have two department store cards, one best buy, one target. The best buy card I will earnings off within two months, the target card is already paid sour, and I only hold on to this card for emergencies. Ive one and only had credit for 7 months very soon and I want to buy a home in 4-5 months. I will hold about 5% that the FHA requires down, and I be wondering if I would be able to take a loan? FHA that is.
Answers: you may be capable of qualify for FHA or First time buyer loan programs. I am an appraiser and some loans are finaiced 100% of the purchase price. But be patient the ,arketis still falling and if you are competent to save some money to put down your gift will be better as will your interest rate.
Depends on if you have the income to support it contact a REaltor, ask them to recommend a well-mannered mortgae loan officer.
It's really tough to say minus looking at your credit report, income, and all around financial situation. The biddable news is that you enjoy the 5% down that's required. That is definately a step in the right direction. It's also a great time to buy a home! Price hold come down and interest rates are great! This is your best bet...Talk to a mortgage consultant, with a reputable company, who is a specialist beside "not so great" credit. If you don't qualify now, at most minuscule a good rep can show you the steps needed to go and get to where you want to be. I work for Wells Fargo Home Mortgage, and would be positive to put you in touch near someone to help you out!
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Answers: you may be capable of qualify for FHA or First time buyer loan programs. I am an appraiser and some loans are finaiced 100% of the purchase price. But be patient the ,arketis still falling and if you are competent to save some money to put down your gift will be better as will your interest rate.
Depends on if you have the income to support it contact a REaltor, ask them to recommend a well-mannered mortgae loan officer.
It's really tough to say minus looking at your credit report, income, and all around financial situation. The biddable news is that you enjoy the 5% down that's required. That is definately a step in the right direction. It's also a great time to buy a home! Price hold come down and interest rates are great! This is your best bet...Talk to a mortgage consultant, with a reputable company, who is a specialist beside "not so great" credit. If you don't qualify now, at most minuscule a good rep can show you the steps needed to go and get to where you want to be. I work for Wells Fargo Home Mortgage, and would be positive to put you in touch near someone to help you out!
Resolved Questions: