Asked by SomeQuestions, Miami, FL • Wed Mar 20, 2013
Next week I am meeting with a loan officer from Chase (my personal bank). Last year I made about $75,000, the previous year I made about $52,000, and I am currently on track for $75-80,000. I have about 4 or 5 revolving credit lines. As of this week, their balance is all zero, except for about $700 on one line of credit (which I will most likely pay off by next week). I have student loans amounting to about $130,000 which are consolidated to about $400 payments per month, and I have a car lease for about $350. I have not been late in any payments in about 3 to 4 years.
First and foremost, would I qualify for an FHA loan? I believe i would, but I'd like to get some assurance. Secondly, what terms actually differ in an fha backed loan based on the lender (if any). For instance, are there differences between an fha insured loan from Chase, BoA, or a credit union? Or are the terms (rates, points, etc.) generally the same? Thanks!
Real Estate in Miami
Popular Categories in Miami
Email me when…
Success! Your email alert settings have been saved. Access all your email alerts in your My Trulia account anytime!