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Anonymous
Not applicable

CO

Would it be possible to be able to be approve for $105, 000 mortgage loan? My income $1800 monthly and my debt is $320, car loan thru Captial One Auto ($14,825). Credit Score 578

 

Capital CC - $750/302

Macys- $400/$25

Credit One- $600/0

Bank America-$300/$0

Capital Auto $14,825

 

 

 

Message 1 of 4
3 REPLIES 3
happy0510
Established Contributor

Re: CO

What baddies do you have? You should be at a 620 standard before applying for a loan.  Have you tried going to the rebuilding section? We are all here to help realize our dreams together no matter how long it takes : )


Starting Score: 615
Current Score: 709
Goal Score: 750


Take the FICO Fitness Challenge
Message 2 of 4
WannaHouse
Valued Contributor

Re: CO

you also need to add in your minimum payments on each CC. I am not a math wizard, but to me it sounds unlikely that you could get 105K on your income.

Kathy


We are finally homeowners!!

Closed May 5th-30 yr fixed at 5.25%.

Message 3 of 4
DallasLoanGuy
Super Contributor

Re: CO

We don't know anything about your property tax rates. but even if they are low... that income will not likely support the home purchase.

do you have other income?

 

 

Retired Lender
Message 4 of 4
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