If haven't found a mortgage professional you both trust feel free to contact me to discuss your options with 0 commitment.
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Good luck either way!
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Senior Loan Officer
STERLING NATIONAL BANK
310 Crossways Park Drive
Woodbury, NY 11797
(516) 606-9648 Cell
(516) 740-4478 Office
(516) 918-5383 Fax
As a Realtor and Lender in the area it would be difficult for you to help in the qualification... However, you mabe surprised that you probably do have a score since you have student loans even though you are not paying on them. You score will have to be above a 620 to help and we must use your and his mid-score.
As stated, this is a good lender question. Additional income can certainly help in most circumstances and you may have credit the lender can use. Such as rent, phone and other utilities. It doesn't hurt to speak with a lender and it may help in your quest to purchase the 'right' home for you. My lender I hve used in these situations is Joe Massey - 303-809-7769 - h is with Castle and Cooke Mtg.
Your Castle Real Estate
Thanks, Jason Katz
Keller Williams Realty Downtown
Additionally, this person should not charge you to help you make this decision ~ even if it is "refundable." This is part of a loan officer's job and you want to work with someone who is competent and will be around for you two throughout the entire process.
I highly recommend Pamela Todd from Megastar Financial. She has closed over 60 transactions for my clients. She is the best, and will explain it all to you. Ptodd@megastarfinancial.com, 303-517-1104. Best of luck!
All you have to do is call your husbands lender and ask them to run your credit. I am sure you "share" some of his payments and yes they take into consideration your student loan debt when determining your approved loan amount and payment.
You do have credit since you pay your student loan. Please don't see yourself short.
Then you can make an informed decision regarding your housing price point.
I would also suggest asking for a pre approval, not just a pre qualification. There process is a little more in depth than a pre qualification, but in the end could make the difference between your offer being accepted or not. The market is so competitive for buyers that every little detail can make a difference, even down to which lender you are using.
As both a buyers and sellers agent in the area, when approached with multiple offers, our decision is heavily swayed by who you are pre approved with and what type of loan you are "pre approved" for.
If you would like a recommendation on a few great lenders in the area please give me a call or send me an email. Also, if you have any question regarding some strategies that may help you get a leg up when presenting an offer let me know.
Jackson Realty Colorado
It may depend on what type of loan you are trying to get. It may be harder on a conventional loan than an FHA loan. It is more difficult to get a loan with no credit history but with the combination of you and your husbands salaries, it may be possible. Debt to income ratio is the main ingredient. I would suggest getting a few good faith estimates from several lenders to start. They will run credit reports unless you specifically ask them not to and if you can provide a recent credit report/score.
Let me know if I can help you through this process.
GreenSport Real Estate