Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
Best of luck to you!
Happy Holidays, I believe I also answered another question of yours on Credit.
The banks will loan you upto 0.45c of every dollar you make, provided you have a 2 year history
of making the same income that is verifiable by Tax Returns and your Credit score is good.
If Banks do not loan you then you have to go to Hard Money lenders who instead of say 5.5% charge you
8% but still give you money to buy your fine home.
Go to http://www.realtor.com or http://www.trulia.com and look for homes after you have figured out
your Yearly total for 2010, and then multiply that by 0.45c, provided your FICO is better than 680.
But first check for errors on your FICo, otherwise for a Credit Check it will cost you 15-20 points
off your FICO.
Please let me know if there is anything I can do for you.
Happy New Year.
MaryAnn Dempsey, Realtor & C.D.P.E.
The answers you got are correct that it is good to have a steady pay and per firm job as well. The main things it will depend on are your yearly income amount, fico score from credit history, debt to income ratio, and what assets you have as well, like a 401(k) or CDs etc.
I would recommend you talk with a mortgage broker or local bank. I caution you to find someone online but rather get a referral from someone you know so you know what service they will give you.
I am a licensed realtor in MA and RI and can give you a few mortgage people I work with if you like. Hope you are enjoying the holiday.
Prudential Prime Properties
The best suggestion it to chat with a mortgage originator. They will be able qualify you based on current mortgage guide lines. It takes the guesting and worry out of it. Good luck and happy holidays
Please see my blog for soem info and tips on getting a mortgage in todays market
A mortgage professional will have to run your credit to make sure the requirement for fico score and debt to income ratio will satisfy the loan approval. Please contact a loan officer and get a quote.