You may qualify for loan programs that you aren't even aware of. Banks, credit unions, employers, and the government have loan programs for young start-ups like yourselves. My friend Rodney Anderson is the #1 loan officer in the nation with CTX Mortgage 1-800-express. He works all over the Metroplex. Also have a friend in Fort Worth, Jason Chandler, who owns Big Country Mortgage Authority http://www.bigcma.com. You may not have to wait. It's worth a conversation.

You don't necessarily have to wait until they come off the report if you already paid them. Your loan officer can ask for a rescoring from the credit bureaus and that should take just a few days.

Naima

Well since everyones asking, we have already paid off the collections on his credit, and are just waiting the month or two for them to be put on credit, we only needed 20 more points, i dont know if those two are enough to raise it that much. I am crossing my fingers LOL

You never know what the sellers circumstances are unless you ask. Get yourself qualified, you seem to have started the process since you already know that you don't qualify for now. Tell us more... are you in the process of repairing credit? trying to save for downpayment? Get yourself a buyer's agent to represent you, that doesn't cost you anything. You're already on the right track by asking questions from professionals...

Good luck,

Naima
214-289-8555
naima@sumner-realty.com

I am a mortgage Banker and can answer your prequalification questions - ? why do you need to wait a few months ?

If you will let me know which house I can research and let you know how long it's been on the market as of today and we can discuss your options, if you are not working with a Realtor I can help you out. If you are, you should ask your agent to get the info for you.