Hello. In addition to a good credit score, some other factors which lenders will take into consideration is LTV (Loan To Value) and DTI (Debt To Income). With a low income, currently, your DTI will likely be too high to qualify for another mortgage. To counter that, you would need a pretty big down payment.
Your best option, other than selling your existing home, is to rent a home for one year in IN and rent out your existing home. Make sure that you claim the property than as a rental on your following years tax return. At that point, you could counter that debt from your credit with the rental payment coming in and have a better chance of getting a mortgage for another home in IN or whereever you end up.
I hope this information will help you. If you have any other questions, I am more than happy to answer you if you would like to email me directly at Iyad@REPropertyManger.com.
Hello, how are you doing? I had a client in your same position recently and unfortunately, we were not able to get them financed. Unless you are a permanent resident, I don't believe you're able to get financing. If you have an H-1 visa, that would work though. If you have any other specific questions, feel free to contact me.
CENTURY 21 Scheetz
They have to keep you informed as to why it is needing extended...
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If it's not the lender, then maybe it's the title company? Surely not though...
Who have you talked to about this issue?... more