https://ficoforums.myfico.com/t5/Mortgage-Loans/New-Home-Buyer-Suggestions/m-p/2530985#M136703 <P>Me and my wife are looking to buy a house somewhere around April 2014. We are looking for a loan of $300K and hopefully will be able to down pay 40 - 50K. My wife will be the primary applicant and i will be co-applicant. Her credit is excellent ( over the board 750+ scores, 100% pay on time). My credit is fair. I have old collections those are almost 6 years old. But then I have few paid in full collections from 2010, 2011; one paid charged off card in 2012 November and one Auto Loan which was 120 days late in November 2011 and since then paid on time till date. I am still trying to get my scores up to near 700 range.&nbsp;</P><P>&nbsp;</P><P>My question, will the banks create problems for us to get a $300K loan as i have so many past delinquencies though they are all paid in full now? Our combined annual income is 190 K.</P> Tue, 22 Oct 2013 17:20:40 GMT sghosh5 2013-10-22T17:20:40Z https://ficoforums.myfico.com/t5/Mortgage-Loans/New-Home-Buyer-Suggestions/m-p/2530985#M136703 <P>Me and my wife are looking to buy a house somewhere around April 2014. We are looking for a loan of $300K and hopefully will be able to down pay 40 - 50K. My wife will be the primary applicant and i will be co-applicant. Her credit is excellent ( over the board 750+ scores, 100% pay on time). My credit is fair. I have old collections those are almost 6 years old. But then I have few paid in full collections from 2010, 2011; one paid charged off card in 2012 November and one Auto Loan which was 120 days late in November 2011 and since then paid on time till date. I am still trying to get my scores up to near 700 range.&nbsp;</P><P>&nbsp;</P><P>My question, will the banks create problems for us to get a $300K loan as i have so many past delinquencies though they are all paid in full now? Our combined annual income is 190 K.</P> Tue, 22 Oct 2013 17:20:40 GMT https://ficoforums.myfico.com/t5/Mortgage-Loans/New-Home-Buyer-Suggestions/m-p/2530985#M136703 sghosh5 2013-10-22T17:20:40Z https://ficoforums.myfico.com/t5/Mortgage-Loans/New-Home-Buyer-Suggestions/m-p/2531057#M136709 <BLOCKQUOTE><HR /><a href="https://ficoforums.myfico.com/t5/user/viewprofilepage/user-id/677711">@sghosh5</a> wrote:<BR /><P>&nbsp;</P><P>&nbsp;</P><P>My question, will the banks create problems for us to get a $300K loan as i have so many past delinquencies though they are all paid in full now? Our combined annual income is 190 K.</P><HR /></BLOCKQUOTE><P>we will run your file thru an automated underwriter.... if the AU approves, then we will give you no crap about the old stuff.... maybe some letter of explanation.</P><P>&nbsp;</P><P>some banks add their own guidelines to what i have described.... so let us know what they say when you apply.... we will help you from there.</P><P>&nbsp;</P><P>&nbsp;</P> Tue, 22 Oct 2013 17:51:46 GMT https://ficoforums.myfico.com/t5/Mortgage-Loans/New-Home-Buyer-Suggestions/m-p/2531057#M136709 DallasLoanGuy 2013-10-22T17:51:46Z