You will need money for your downpayment which is 3.5% of the purchase price. Plus money for the closing costs which range from 2-3% of the loan amount.
For a no cost, no obligation loan qualification you can apply on line at the following website. Just enter the information & select Gerry Nicodemus as the loan officer.
If you don't have a lot of debt, it sounds like you are on track for buying a home very soon. If you would like some recommendations for lenders, please feel free to contact me.
There are other options available which any competent loan officer/mortgage broker will be able to help you with.
You'll be fine-believe it or not your income puts you on top of most of this country.
Best of luck.
Do you have any credit card debt? Paying down credit cards will give you a few points.
The above link is to a free e-book about credit.
Let me know if you have any questions.
REALM Real Estate Professionals
As a loan officer myself, though, my spidey-sense goes off more about the debt-to-income ratio than the credit score. $80,000 is good money but if you're the one paying the child support on both kids then that will impact your affordability and/or approvability. I'd want to look at all the variables before saying you'd absolutely be approved.
I have seen it done lately. GIve me a call or email me and I can set you up with a loan officer to get you pre-approved and on your way. Thanks!
Amber Carrillo, Broker
858 S. Oak Park Rd. Suite 100 | Covina, CA 91724
Phone: 626.653.2782 | Fax: 213.405.4031 Cell: 323.684.5611
You most likely can build your credit up to that score by the time it comes to buying a home in 1-3 months.