Approval Question

Anonymous — Thu, 02 Jul 2009 18:44:33 GMT

Mu husband and I just applied for our mortgage and I have been driving myself crazy wondering if we will qualify. I think I have done every calculation possible. So I was wondering what some other people will think, we have kind of strange circumstances.

Our credit scores are:

Husbands: 734, 719, 672

Mine: 726, 691, 691

We have no late payments on it whatsoever

As of right now we make about 54000/yr

however... BEFORE the closing date (which we have now as August 6) my husband is getting a $10,000/yr raise... he's in a union and gets this big of a raise every year for the next 5 years. We have all of the paperwork saying he's getting it, just not a pay stub showing it yet. (He gets the raise July 29th)

We have about $100/month in credit card debt, and a car payment that is $70/month. Thats all the debt we have NOW.. but...

...I just graduated from school in May, so all of my student loans are deferred until about January. I'm not positive what the payments will be.. I have around $30,000 in student loans, I called and they said come January, my payments will be about $300... but I have nothing to verify this. (mind you, we won't be paying for this until AFTER my husband's raise)

We have $15,000 as a downpayment, most of which is a gift from my grandfather.

I also work in HR at the bank that we are applying with.. I don't know if that will make a difference or not.

Anyway, the house we are looking at is $150,000... so the loan amount would be for $135000

So what do you think?

Re: Approval Question

DallasLoanGuy — Thu, 02 Jul 2009 19:42:37 GMT

I think you should apply.....

you can probably get this deal done

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Approval Question

Re: Approval Question