Hello This One, yes and 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 down payment and closing costs. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.
Is he going to sell the home he owns or rent it out? What type of loan does he have on his house? He can only have one FHA loan at a time. Do you have down payment and closing costs or do you need down payment and closing cost assistance programs?
You may qualify to buy with minimal out of pocket expenses with down payment and closing costs assistance programs. You may consider FHA 3.5% down from a minimum 580 fico score or 3% down conventional from a minimum 620 fico score. You would need a minimum 640 fico score to consider down payment and closing cost assistance programs.
You can study the available inventory to narrow down your interests. If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve and you can be emailed listings to fit your search criteria.
The purchase in 95620 zip code of Dixon start from 329k for 3bd 2.5ba two story single family home. How much do you currently pay and what is the maximum payment you are looking to achieve?
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA/CalVet Loan Specialist
Credit Repair Advice At No Cost
ALL Loan Programs Available
24+ Years Experience