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1st Time Homebuyer Mortgage options

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Anonymous
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1st Time Homebuyer Mortgage options

I plan on applying for a mortgage later in the year. I have a 722 Fico score but my debt to income level is a little bit high. Are there mortgages that can Pay off my lease, credit card bills etc along with my mortgage so I only have 1 payment?
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ShanetheMortgageMan
Super Contributor

Re: 1st Time Homebuyer Mortgage options

That'd be a great loan program, but unfortunately those programs are not available anymore.  There used to be 125% 2nd mortgage loan programs you could purchase a home with, so you could finance the sales price of the home & the additional 25% of the home's value could be used to finance in consumer debt, but that program has been temporarily taken off the market.  No ETA on when it will be available again.
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