Valued Contributor
Posts: 3,406
Registered: ‎12-19-2012
Re: 1st time homebuyer
I also agree that the home price is a little steep based on just your income. The most that you would likely get approved for is $128K and that assumes very little debt. You have a extremely high car payment for just your income and that is severely impacting your DTI. You would need to put $30K down at a minimum. If you live in a community property state, you will have to include her debts in the DTI ratioed against only your income.

If she can qualify for the loan, the home price would be feasible. What is hurting her credit so bad that you think it is unfixable?
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