Finally passed the 620's mid score needed for an FHA. Fiance's score is over 700 (but doesnt matter)..
We make 100k/ year together, have both been in current jobs for a while.
We each have a couple of CC's but never charge a lot on it and always pay it almost full..
me : Cap One QS $25
LOFT $25
Wells Fargo $25
Discover $25
And I'm an AU on fiance's Barclays and Amex
All other bills are electric, rent and cable.
^Those are minimun payments, never carry more than $200 balance.
Fiance has:
AMex $25
Barclays $54 (has a $2000 balance)
Chase $25 (has some balance)
Car payment $350
Insurance $300
Lives with his parents and has no other bills.
Owns stock and a 401k where we'd get the DP from.
We fell in love with a home that is on the market for 350k. I'm super afraid to go talk to a LO, I'm afraid of getting a NO and being super disapointed and embarrased. We have only looked at homes online and never spoke to anyone about purchasing. What are my chances? Is 350k too much? We plan on offering less than that if it became reality.
Taxes for 2015 were $5230 according to Zillow. Insurance would be less than $1000 for sure.