Asked by Bigjdiesel, Atlantic City, NJ • Tue Jan 12, 2010
I was wondering is I currently have credit scored in the 620 range and will have a score of 630 to 650 in a few months can I qualify for a fha mortgage in the 80k to 100k range. I can put 5% down, but my income is gross $1700 a month on paper, with tips closer to 50k, but not on paper. My debts (cc's, student loans, car) are $400 to $500 a month. I am scared my debt to income will not qualify, I would rather do it on my own, if not will a co signer(sister) of 80k verifiable income but credit score around 600 make it?
Also, I heard from my friend that there is a county down payment assistance program that gives a 0% loan for 10% down and closing costs, can this help with approval???? Or is this granted after approval?? thanks in advance.....
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