No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
ive been shopping around for a house now for about 6-8months. now the market is acually shaping up in my favor and house prices have gone down. im worried i wont get approved for a loan though. gross income is about 3000-3300, debt is just over 300 a month, ive been at my job for nearly 5 years now, and my credit is 690-700 last time i checked. i havent had any defaults, missed payments, or collections in more than 3 years but when i was younger and had appartments with girls we had collections issues and i did miss payments on my car at the time from loss of job. also i have 2 credit cards but have only had one since 05 and the other for 6-9months (i never wanted to get myself in trouble when i was younger, and didnt understand it would make it harder now). houses here in western washington are around 250K and thats for a lower priced house, even condos are running 200k.
i guess my real question is do i have a chance? are there things i can do to help right before i apply? ive waited this long to apply because im not in a rush, im living with my parents right now and jsut trying to save up money until i find something right. well im starting to see things that really fit what i need but now i need to know if anything is even in my reach
@Anonymous wrote:ive been shopping around for a house now for about 6-8months. now the market is acually shaping up in my favor and house prices have gone down. im worried i wont get approved for a loan though. gross income is about 3000-3300, debt is just over 300 a month, ive been at my job for nearly 5 years now, and my credit is 690-700 last time i checked. i havent had any defaults, missed payments, or collections in more than 3 years but when i was younger and had appartments with girls we had collections issues and i did miss payments on my car at the time from loss of job. also i have 2 credit cards but have only had one since 05 and the other for 6-9months (i never wanted to get myself in trouble when i was younger, and didnt understand it would make it harder now). houses here in western washington are around 250K and thats for a lower priced house, even condos are running 200k.
i guess my real question is do i have a chance? are there things i can do to help right before i apply? ive waited this long to apply because im not in a rush, im living with my parents right now and jsut trying to save up money until i find something right. well im starting to see things that really fit what i need but now i need to know if anything is even in my reach
Well you should be a candidate for fha but your problem is that unless you have a large downpayment your salary wont get you approved for a 200k mortgage even if you had no debt. Your salary could make you elligible for downpayment assistance through your local city county hud coordinators though. If prices in your area for the most part are that high you will either have to try to find a fixer upper which could costs lots of $ fixing it up or a cheap foreclosure