Good morning Mellisa, all of the information below is on target; however, the only way to know for sure is to speak directly with a lender(s). If you cantact me, I can provide you with the contact information of several lenders; then, you can shop several reliable sources to see which one best fits your needs.
I hope this helps. Steve
I agree with what has been said...the credit score is only one factor in getting 'pre approved'. The debt to equity ratio is the major one in determining 'how much' you can be approved for (LTV). This should be in the 28% range of your net income.
Approval is a longer process, and reguires documentation of all income and debt load
This depends on the LTV, what is purchase price, and your employment info, call us at the office. We have one stop shopping for your Real Estate needs, Mortgage financing, title insurance which is important, homeowners insurance. 610,565-1995, ext 1300, 1310. We have many years of experience making buyers and sellers extremely happy.
Look If you Qualify for FHA loan you need only 3.5% down payment. Now Are you a first time home buyer,Buying 1 to 4 family home. Do you make enough income to re pay the mortgage these kind of things also in consideration. Please Talk to a real estate professional they will work with you to accomplish your goal. Thank you.