Home Buying in Greensburg>Question Details

jimdeboard, Renter in Tomball, TX

Can I get a mortgage?

Asked by jimdeboard, Tomball, TX Thu May 16, 2013

At the current time I am living in Texas but want to move to The Greensburg Indiana are next spring (2014). My credit score is approx 650 but improving.what is my chance of getting a mortgage with little down. I am looking for retirement home around $65,000 to 75,000. My monthly income is $2100.00 and I will have very little debt.

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If your new home is in a rural area; you might get a USDA, no-down loan.
If you choose an FHA house and loan; you will need 3.5% for down which is about $2600 for a $75,000 house, (plus closing costs).
You have a year to prepare.
0 votes Thank Flag Link Thu May 16, 2013
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