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06601 : Real Estate Advice

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Fri May 23, 2014
Daniel D. Thomas answered:
Hi Ronald,

The chances of you being approved as a first time home buyer will be determined by your credit as well as your income. If you have a fair credit score, low debt, and provable/ sustainable income that will be able to support a $57,000 loan, you have a great chance. The one thing you want to keep in mind when considering a “fixer-upper” is that for most loan programs the property has to be in livable condition in order to be purchased. If it’s not in livable condition there are rehab loan options. I’d be happy to speak with you on one on one about the Bridgeport market and possible options. Please give me a call or send me an email. All the best –Daniel D. Thomas (RE/MAX Right Choice) ... more
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