Asked by Please Help!, Seattle, WA • Thu Apr 18, 2013
I am about to try buy a house or duplex using FHA financing, and I would like to know if its possible or if not what steps I can take to make it possible. My situation is as follows....
I am a casino card dealer and my Income of 2800 a month is derived from minimum wage and tips(33% wages 66% tips), the casino I am currently employed at I have been at for 1 year exactly. Before this I was in school for 2 years. I did not get a degree I left school to take my current job. Before school I worked at 2 different casinos for the previous 2 1/2 years.
My credit is being repaired. My scores are all within 4 points of 600 but I have things dropping off almost daily. I have almost no debt. A few collections left that total $500 I am working on getting PFDs
So my questions is do I qualify now?
If not what do I need to do to qualify?
Do I have a chance of a higher front end ratio since I have no debt?
Can I include likely income from a duplex as part of my income?
Real Estate in Seattle
Popular Categories in Seattle
Email me when…
Success! Your email alert settings have been saved. Access all your email alerts in your My Trulia account anytime!