Hello All,
My fiance and I are starting to get our stuff together for our first home and I wanted to get help and feedback with my current status. I appreciate anyones help.
Credit:
Exp: 650
Eqfx: ? I will get an updated score on 11/15/14. It was 605 on 10/15/14
TransU: 656
Last 30 day late was 01/2013 which was disputed and corrected by Exp and Eqfx, TransU disputes are pending until 11/15/14.
No collections, BK’s, tax liens, or child support.
Employment & Income: Full Time – Salary last 23 Months was 38k. Moved to a different company 9/14 new salary 70k. Same industry, same Job Title.
Monthly Debt Payments:
Total Minimum Payment for all CC’s: $306 (Prior to me paying all my debt with my last 2 checks).
CreditReport.com shows Credit: 88% Debt: 12%
Assets/Reserves: Only about 6k in liquid assets. My increase in income allows me to split my checks 60% - Expenses/Bills, 40% - Savings.
Location: Maricopa County – AZ
Property & Occupancy: Single Family Home – Primary Residence
Value: Would like to be in 250k – 300k
Transaction Type: Purchase
I only post my info because I want to see if I qualify on my own, my fiancé will also be included on the loan but I believe her income, credit (713), and current debt is in good condition (DTI is 4%), 2 credit cards limit of 5k each. Income is 45k, and liquid assets are ~15k. Only has 1 year in her current position, just graduated.
I want to start looking soon but I don’t want to hurt our credit by getting pre-approved and not find anything during the 90 days.
Any feedback, help is appreciated.
