Thoughts from the pro's...see any issues?

[Glenn_S]

Based on the pinned post, here is my info:

1. Credit-My score:  EQ (MyFICO) 737,  Wifes: EQ (MyFICO) 725, I have 2 tax liens that have been withdrawn (PIF) and my wife is joint on one. One was paid in 2008 and the other in 2010. I have one 30day late on CapOne from 2007 and my wife has a paid collection from 2009 of $59. Her AAA is about 9 years and mine is about 12 years. Liens are still showing on CR, but should be removed within the next 30-60 days.
2. Income-Annual HH income of $133,320. DTI of 12% and 18% (Front and Back)
3. Source of income-Employment for both of us. Wife 37 years same company, me-1.5 years current, but 6.5 and 7 previous.
4. Monthly debt payments-Total Credit lines of about $41k, with total utilization of about 3%.
    
5. Assets/Reserves-$8k in savings, $8k for Down payment and $3.5k for closing.
6. Location-Bloomington, MN, Hennepin County
7. Property-SidexSide duplex, built in 1980, good condition, .22 acres, HOA does maintenance (~$265/mo).
8. Value-Looking between $160k-$180k.
9. Occupancy- Primary residence.
10. Transaction Type-Purchase

Thoughts from the loan folks?

Glenn

[ShanetheMortgageMan]

Shouldn't have any trouble qualifying.  Tax liens are old enough (and since they are paid) so they shouldn't pose any issues, worst case is you'd just need to provide a letter of explanation for them.

[Mrs_hambright]

Are these IRS tax liens? They will come off your credit report if you file irs form 12277 to have it come off your reports. Mines was successfully removed & my credit scores jumped by about 30 points