Home Buying in Miami>Question Details

genackp73, Home Buyer in Miami Beach, FL

Can we able to get a Mortgage in this situation? Please advise

Asked by genackp73, Miami Beach, FL Wed Oct 3, 2012

Myself and my wife both are working. Gross annual income is 125K. My wife has good credit with 728 Fico score. Mine is not good at all.My wife salary is 56K and we have around 40K – 50K for down payment. One downside is she just started working last 7 months. (No w2 so far)
In this situation can she get any mortgage loan? Is anyone of my friend close friend help to co-sign or co-borrow will help getting the loan?
Any good mortgage broker in Boynton Beach -FL area for consulting the situation?
We are looking buy a 200k house with 20% down payment.
Any input will be highly appreciate

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Answers

6
If you don't have a qualifying mid-score, than YOU will not be able to qualify for a home loan. If that happens to be the case, than only your wife's income will be able to be utilized. Your best though, is to speak with a mortage broker in your area so that they can better assist you with your current situation. Best of luck!
1 vote Thank Flag Link Wed Oct 3, 2012
You need to speak with a mortgage officer. They will need to run your credit report to see if your score is high enough to be on a mortgage. With that information and your debts they can work out what you qualify for.
0 votes Thank Flag Link Wed Oct 3, 2012
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0 votes Thank Flag Link Wed Oct 3, 2012
Hello,

please feel free to contact me at your earliest convenience directly, if I may be of any service to you.

What did your wife do BEFORE she started to work? What is your credit score? What do you have on your credit report that does not make your score "good"?

Best Regards,
Beate Rodriguez
Lic. Loan Originator
NMLS # 299 244

Beate.Rodriguez@HGFLoans.com
Cell: 954.695.4849
0 votes Thank Flag Link Wed Oct 3, 2012
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FLORIDA MORTGAGE BROKER responds

Start packing for the move!!!!!

See the loan programs at: http://www.pro-option.com

Also, DO NOT get tied down to a realtor yet as I can help your save a lot of money in otherwise Forfeited home equity in real estate commission points

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0 votes Thank Flag Link Wed Oct 3, 2012
Best to look for a local Mortgage Broker under "Find a Pro in the header of this website. http://www.NaplesRealEstateGuys.com
0 votes Thank Flag Link Wed Oct 3, 2012
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