Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011
Re: Mortgage Pre Approval Help
[ Edited ]

The 3 car loans will hurt your mortgage chances because they carry a fixed payment that is included in your DTI. Are all 3 loans still open; or are some closed? If you were successful in PFD on the collection then you should see a nice boost from the deletion... possibly putting you in the 640 range for a Fha or Usda mortgage.

What is your income and how much are the car payments?

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