Hello Jessica, you would be able to qualify in April as your student loan would show delinquent in CAVAIRS until then. Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the purchase.
Lease purchase options usually want 10-15% down that is a non refundable deposit. Do you have 10-15% down? You should study RENT vs BUY listings to compare payments and qualifications.
The rentals in Baytown start from $585 for 1bd 1ba apt and the single family homes start from
The purchase in Baytown start from 32k for 1bd 1ba condo and the single family homes start from 55k for 2bd 1ba home. You may qualify to buy and pay less than rent in Baytown, TX.
You may qualify for FHA 3.5% down with a minimum 580 fico score and 3% down conventional from a minimum 620 fico score. Lenders go by the middle score of the three bureaus so one score is missing. Check out the web reference link below...... more
Yes, this happens all the time. If you think about it, most houses have a lien, in the form of a first mortgage. This lien gets paid off at closing. Talk to a good local Realtor who has experience in dealing with this type of situation.... more