Asked by Cody, Augusta, GA • Tue Feb 26, 2013
Ok, short but sweet. Me and my wife are in Manual underwritting with wellsfargo. our over all combined income is just under $80,000/yr. with $16,000 of that being from VA compensation ill recieve for the rest of my life. we both work full time, with more then 2 years on the job. my wifes score is 625, and mine is 611. all of our recent credit, (2 cars, 3 credit cards) is up to date, current, and always paid on time. but we do have a few old medical collections from almost 3 years ago. i have about 20 hard inquires on my credit from with i bought my truck in December 2012. wells fargo vows they do loans with score as low as 600. we have a contract on a house for 156,450. seller paying closing. and we are using the Va loan through wells. no assests. debt to income is 44%, (daycare is about 7% of that) no new collections, or charge offs in last 2 years.
Question is.. do you think wells fargo underwritting will do this?? LO says we look good. but i dont know! HELP!!
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