topic Re: FHA loan in Mortgage Loans

FHA loan

jrodeking — Mon, 03 Aug 2009 19:18:56 GMT

Can I get an FHA loan ? Trans fico 674; Ezuifax 660; Exp plus 692; 8k down; 220,000; 7500 income; 1700 mo debt payments.

thanx

Re: FHA loan

Anonymous — Mon, 03 Aug 2009 20:07:35 GMT

Scores should work, downpayment should work and income may work if that $1700 includes your future mortgage payment. If not that would put you over 50% backend DTI.

Re: FHA loan

jrodeking — Mon, 03 Aug 2009 20:22:38 GMT

those are my current obligations. Are you computing the loan payment to be over $2,000? It would have to be to put DTI above 50%?

Re: FHA loan

Anonymous — Tue, 04 Aug 2009 01:30:37 GMT

Brainfart...don't know what kind of math I was doing.

You should be alright with all those as long as your payments not too high.