Home Buying in Dundalk>Question Details

sweet32melis…, Home Buyer in Dundalk, MD

first time home buyer self employed only show a income of $32,000 $23,000 last year can i get a house?

Asked by sweet32melissa, Dundalk, MD Mon Feb 25, 2013

credit score is around 630 have about $5,000 in credit card debt and that is only debt i have

Help the community by answering this question:


Find out what kind of programs are local in your area ... In my area there are several plans that favor young first time buyers. Get a good realtor and a good lender!

Lisa Wetzel and Jim Valentine

Certified Distressed Property Expert, CDPE
RE/MAX Realty Affiliates
1320 Hwy 395
Gardnerville, NV 89410
775-781-5472 Lisa
775-781-3704 Jim
775-781-3703 Jessie
0 votes Thank Flag Link Sat Jun 21, 2014
We suggest that you contact a loan officer at two local banks, where small businesses are an important part of the local community..
0 votes Thank Flag Link Tue Aug 6, 2013
Hi Sweet32melissa,

Documentation of income and taxes to support are KEY to answering this question! Speak with a lender to help you determine what you need to make your home purchase. As long as you are committed to purchasing your first home, the answer to your question is yes. You can get a house. The follow up question is are you ready now or is there something you need to do to best position yourself for loan approval...

Work with an agent and/or lender that you trust to help you through this process.

Best of luck,

0 votes Thank Flag Link Tue Aug 6, 2013
I would contact Steve Barker with Movement Mortgage. Let him get you qualified.
0 votes Thank Flag Link Mon Feb 25, 2013
You really need to contact a qualified lender that will pull your credit and discuss different options with you.The credit scores that you have access to are different than the ones that lenders use. They will pull all 3 credit reports from and use the middle score as your credit score.

The lender needs to physically review your tax returns to determine usable income.

If you would like recommendation, please contact me.
0 votes Thank Flag Link Mon Feb 25, 2013
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