Re: Would I qualify for a mortgage?
09-30-2012 04:24 PM
I think you would have to be prepared to write LOE for your lates and collections. You have quite a few and your underwriter will definitely have questions about those.
The price of the house you are looking for also appears to be a little high for your income.
Your plan for paying down your debt and waiting until your lates are older sounds great. Good luck!
FICO Scores: TU 735 EQ 695 EX 740 (Feb 2013, all pulled by lender)