https://ficoforums.myfico.com/t5/Mortgage-Loans/Can-I-get-financed/m-p/1102786#M83911 <P>If I buy a condo now that I do not intend to occupy for another year, can I get approved for a loan? I am currently in the military and will be getting out in a year or so. I want to buy a condo in NYC for 400k with 10-20% down. I currently have 150k in liquid assets and 2 cars, paid off. I have no debt other than 7k in student loans. My credit has been spotless for 2 years now but before that I had lates here and there and a charge off. Since then I have had 3 credit cards with not missed or late payments and 0 balances, 2 car notes both paid off, one in 2.5 years and the other in 6 months as well as various unsecured personal loans. I have a 655 Transunion and a 644 Equifax Fico. I make $35766 per year before taxes. I have no bills currently other than my phone and day to day expenses as I live in military housing. On top of that, I am married and have a wife who is also military and makes approximately the same as me but with a much more spotty credit history and about 40k in student loans. She is sitting at about a 600 fico on both. Can I get a loan in the next 6 months without her for that amount and can I get one with her? Thanks in advance guys!</P><P>&nbsp;</P><P>-Ben</P> Sat, 03 Dec 2011 02:25:23 GMT bvick27 2011-12-03T02:25:23Z https://ficoforums.myfico.com/t5/Mortgage-Loans/Can-I-get-financed/m-p/1102786#M83911 <P>If I buy a condo now that I do not intend to occupy for another year, can I get approved for a loan? I am currently in the military and will be getting out in a year or so. I want to buy a condo in NYC for 400k with 10-20% down. I currently have 150k in liquid assets and 2 cars, paid off. I have no debt other than 7k in student loans. My credit has been spotless for 2 years now but before that I had lates here and there and a charge off. Since then I have had 3 credit cards with not missed or late payments and 0 balances, 2 car notes both paid off, one in 2.5 years and the other in 6 months as well as various unsecured personal loans. I have a 655 Transunion and a 644 Equifax Fico. I make $35766 per year before taxes. I have no bills currently other than my phone and day to day expenses as I live in military housing. On top of that, I am married and have a wife who is also military and makes approximately the same as me but with a much more spotty credit history and about 40k in student loans. She is sitting at about a 600 fico on both. Can I get a loan in the next 6 months without her for that amount and can I get one with her? Thanks in advance guys!</P><P>&nbsp;</P><P>-Ben</P> Sat, 03 Dec 2011 02:25:23 GMT https://ficoforums.myfico.com/t5/Mortgage-Loans/Can-I-get-financed/m-p/1102786#M83911 bvick27 2011-12-03T02:25:23Z