Can I get approved?

[cjaac]

I have $40000 to put down. Make $87000. Scores are TU 650 EQ 637. Auto loan for $14000, Credit cards $7700. Want to buy $220000 House. 

[Anonymous]

what are your minimum payments

Are you w-2 employee or 1099 or self employed

What are expected taxes

What is job history

What is lowering FICO scores...Any recent lates, any BK oe past foreclosures?

The numbers seem to be OK, but more info is needed.  Alot fo things can be fixed with 40K down.  Although in your shoes, I would push to get 20% down to avoid MIP/PMI.

[rockymtngrl]

I don't think your scores are high enough to go conventional-I'm thinking you have to have a min of 680 with a 20% down payment, without 20% down you'd need to be in the 700's.

FHA may be possible but more downpayment won't help because you'll have to pay MIP for 5 years no matter how much you put down.