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Will, Home Buyer in East Mount Vernon, W...

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Asked by Will, East Mount Vernon, Wichita, KS Sat Feb 28, 2009

What are the chances of a single male, making appx. $50,000 a year with a credit score less than 600, who is a military veteran, acquiring a coop mortgage of $150,000?

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With your credit so low, it may be difficult to get a loan in the first place. However, you may want to check with your arm services representative to see what programs there are for veterans. Much will also depend on your down payment. Many coop boards require a 10% or 20% down payment. Good luck.
0 votes Thank Flag Link Sun Mar 1, 2009
Depends on other factors, like debt, re taxes,etc. Talk to a lender. If no one responds today, contact me and I will connect you to a local lender. vchrisner@kw.com
0 votes Thank Flag Link Sat Feb 28, 2009
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