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New Visitor
Posts: 1
Registered: ‎10-17-2013
0

Mortgage loans for less that perfect credit......Need Lenders

My wife and I are looking to sell our home and have our next home picked out, and we do not plan on moving again.  Both of our credit scores were in the 640's but mine recently went down due to medical billing that we had issues with so mine is in the 620's.  We are looking for an FHA mortgage, have the 3.5% down, and a debt/income ratio from 43% to 47%.  It would be 43% if we could use her income from a part time job.  It was her full time job for the last 18months but now she found a full time job, but still doing her previous job, part time.  I know some lenders require to be in a job for 24 months to count the part time income; I know others are flexible.  Please let me know if anyone can help.  Normally I would wait to fix my credit and pay off bills but the house we want came up and we dont want to wait for our dream home.  We can repair credit once we are in and refinance later down the road...thanks.

Super Contributor
Posts: 7,349
Registered: ‎07-03-2007
0

Re: Mortgage loans for less that perfect credit......Need Lenders

[ Edited ]

is her new job 40hrs?

if so, then now she is working more than 40hrs.... we need two yrs of that to show that she can sustain that work regimine

 

 

oh, be careful of credit repair companies.... especially those that come in to discussion forums like this and troll for business.

 no REPUTABLE credit repair person would do that

 

* While I try to visit the forum often, please feel free to contact me directly with a link to your post if I fail to answer a follow up question.

* Lending across the entire 'Great State of Texas' (and now Louisiana)since 2004

New Member
Posts: 5
Registered: ‎10-17-2013
0

Re: Mortgage loans for less that perfect credit......Need Lenders

Did I understand well that you have a plan to fix your credit issues but no time to do that properly?

Super Contributor
Posts: 7,349
Registered: ‎07-03-2007
0

Re: Mortgage loans for less that perfect credit......Need Lenders

oh, look, a troll

 

* While I try to visit the forum often, please feel free to contact me directly with a link to your post if I fail to answer a follow up question.

* Lending across the entire 'Great State of Texas' (and now Louisiana)since 2004

Regular Contributor
Posts: 199
Registered: ‎02-19-2008
0

Re: Mortgage loans for less that perfect credit......Need Lenders

Nice call Dallas.

 

Or do we need to check IP's.

 

Hah.

 

Still funny. Either way!

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