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Search: "First time home buyers"

 
 

Asked 11/06/2008 10:43 am CT (Mobile, AL)

HI , MY QUESTION IS MY HUSBAND AND I BOTH HAVE FILED CHAPTER 13 AND I HAVE CONVERTED MINE TO CHAPTER 7 , HE IS CURRENTLY STILL UNDER CHAPTER 13 . WE HAVE A COMBINE INCOME OF 65,000 YEARLY . WE ARE FIRST TIME HOME BUYERS . OUR CREDIT IS NOT SO GOOD . WHAT DO WE QUALIFY FOR OR IF WE QUALIFY TO BUY A HOME .

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Asked 07/20/2008 07:46 pm CT (Ansonia, CT)

My husband and I are first time home buyers in search of someone who is willing to give us a chance. We have had problems in the past with bills ETC, but currently we have been very faithly in keeping all of our current bills paid on a timely manner. Combine we have a gross income of about $66,000 annually, and we have not been able to find some one who will assits us in purchasing our first home. My credit score right now is 560 and my husbands is about 570, my husband does have a judgement that was filed against him last year for about $3200 dollars that we have been making monthly payments of $100 dollars for the past 7 months on. We are only looking to be approved for a loan in the amount of $160,000. Please contact me and let me know if there is anything that you can do to assist us, I am even willing to apply on my own even if it means a lower mortgage approval.

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Asked 06/11/2008 12:35 am CT (Saint Louis, MO)

me and my wife are first time home buyers and we are trying to get a loan.. but this is the problem i\'ve been on my job for 3 years and my credit is getting worked on but it\'s not that good.... but my wife however has perfect credit but no job....what do we do..

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Dre, your finances may well support loan approval just fine...but you need to discuss your situation...

[ Total Answers: 1 ]

 
 

Asked 06/05/2008 04:46 pm CT (aurora, IL)

My husband and I are first time home buyers. His score is 680 and mine is 585 will we still be able to get a home and a decision rate? What downpayment assistance programs are offered for first time home buyers?

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Hello Kim, Even though your score is a little low you can still qualify for a mortgage. Your bes...

[ Total Answers: 1 ]

 
 

Asked 10/19/2007 09:08 am CT (Patterson, CA)

Hi, My boyfriend and I are first time home buyers and we are trying to get a loan on a house that is $260,000. I have a 550 credit score and he has a 650, we are using the FHA program. Will we be able to get a loan approved with those credit scores? I am really discouraged and stressing because we really want the house! HELP

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stop stressing buying your first home should be a happy time not a stressful one. We would have to ...

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Asked 10/14/2007 01:18 pm CT (Little Rock, AR)

My husband and I are first time home buyers and will have some money for down payment/closing cost. We were wondering if it is possible to get a loan for more than a price of a home to buy furniture or pay off a car etc?

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No and Yes. No you cannot borrow more than sales price to payoff debt but there are still 100% fina...

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Asked 07/03/2006 04:08 pm CT (Modesto, CA)

I am a loan specialist myself, but I have a question. I have heard that there are loans available for first time home buyers with a FICO score as low as a 520, as long as they are going full doc. Does this sound plausible to you? And if so, do you know where I would have access to a loan like that? I would greatly appreciate any information you may have. Thank you much and have a safe and happy 4th!!! Amanda Buchanan Loan Specialist California Home Loans amanda@eloanexpress.com

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Hi Amanda, Right off the bat the 1st thing coming to mind is FHA, no score is needed. Sometimes ...

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Asked 03/28/2006 07:14 pm CT (birmingham, AL)

My wife has excellent credit ,and my credit is only fair. We both make close to 30,000 dollars a year and we are first time home buyers. How will my credit affect our mortgage approval?

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Your credit can affect your options if you want 100% financing you with need a 580 or better (midd...

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