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Will I be approved?

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nhandzel
Valued Member

Re: Will I be approved?

I'd love to be approved for a conventional loan, however, with my short credit history and small downpayment

(3.5%-5%), I'm expecting to be approved for FHA.

 

If I can manage both jobs through the end of the year, I should have 8k available to me. (5k would be used as down payment, the other 3k would be used for other misc. costs)

 

I think we'll hear more about the extension of the tax credit as the new year approaches!

 

 

Message 11 of 12
nhandzel
Valued Member

Re: Will I be approved?

update!

 

I completed an over the phone application with a loan officer and he has pre-approved me for 135-140k!

 

 

Thank you all for your comments and taking the time to read over this!

 

Thanks for the help!

 

 

 

 

-- Nick

Message 12 of 12
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