It depends on whether the amount will meet your buying needs.
A local lending professional will answer that very quickly.
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My parents live in Longmeadow.
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There are other factors to consider. The best thing to do is consult a mortgage banker. He will lay out exactly what is needed, what programs that would be available and what you could possible afford.
based on the little info you provided the short answer would be yes. You should start by talking to a couple of mortgage brokers or lenders to see what you can pre-qualify for. Also, check with credit unions as they can be at times a bit more flexible. Once you find out what your buying power is get a buyers agent (unless you already have one) to help you throughout the journey and transaction and it is at no cost to you. If we can help let us know (email@example.com). Good luck
Now much will depend on your debt to income ratio, the purchase price of the home, the mortgage amount you are looking for, how long you've been employed and your past credit history.
If you or your husband belong to a credit union, it would be a good place to start your mortgage search.
I would say cautiously YES! I would be quite happy to connect you to a reputable local lender who can provide you with a much more definitive answer! There is no cost or obligation to speak with a qualified loan officer and it's often much less painless than you might imagine! There are many factors involved in qualifying for a home loan and a licensed mortgage professional is the best qualified person to be able to give you the best answer!
Feel free to email me directly and privately if you'd like to be put in touch with a well qualified and personable local lender.
Western MA and Northern CT REALTORÂ®
Park Square Realty
44 Elm Street
Westfield, MA 01085
A referral is the nicest compliment you can give :)
I would suggest that you contact me so i can refer you to a couple of lenders, they will be able to tell you what kind of products that are out there to best suit your needs. Your first step is to contact an Agent remember it cost you nothing and you gain every thing such as personal customer service, homes that come on the market that day, someone to take you to view the homes and much more.
I would love to help you in your search and i look forward to speaking to you.