Licensed Associate Broker
Accredited Buyer Representative
William Raveis Legends Realty Group
Based on the limited information you porvided I beleive you would be able to get a home loan with that information. There are some variables that you will need to fill in to see if you qualify.
First, how much you make a month gross income versus how much you have to spend in debt (non utilities and current rent). Your ratio has to be less than 45% to qualify for a loan with the mortgage.
Second, what were you doing before you started this job? Were you unemployed? A student? Eventhough you have been at your current job for 6 months; the banks are going to look to see what you have been doing for the past 2 years.
Third, what is on your credit report....eventhough you may score do you have any late payments ro charge offs or judgemetns showing on your credit report? if so, how long ago were they?
These questions will help answer whether you can definitely get a mortgage or not. I have a broker I use that gets approvals with a 600 credit score....Give me a call or e-mail and I will be happy to connect you with him.
Credit score is only one factor. If your current job is in the same line of work that you had previously, that may be fine. If not, it will depend on other compensating factors. Ultimately the only one who can approve or deny your loan will be a lender with a complete application. If you were my client, I would suggest you meet with a lender or two and find out what may be possible.
It is very important to make sure that everyone who is planning to qualify for the home loan has their name on your monthly bills and is paying everything on time for at least 12 months before buying your home. You should also meet the criterion in the trulia link below. There are only a few lenders that will make a loan that small. If the home needs any repairs, your options are even more limited. Your time on the job may or may not be a factor. How much you earn and how much debt you have could also be a factor. If you need some recommendations, please contact through profile.
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You might be a good candidate for an FHA loan.
Best way to know for sure is to contact a loan officer.
I'd be happy to recommend a few. Just shoot me an email.