Do I qualify? Sorry I don't know how to copy the post as others have

[Anonymous]

I haven't checked in about 6 months but my mortage scores back then were in the 640-650 range. They definetely wouldn't have gone down since.

I owe 0.00. I have 11,000 in available credit with my credit cards but I rarely go above 10% Utilization. The only things I pay are my cell phone and car insurance which combined are 150.00 a month

My income is 42.000. I'm an hourly worker who gets 10 hours of overtime each week guaranteed. They gave me the overtime to keep me from working a part time job in the evenings.

I have some baddies on my report but they have been either paid off (collections)or are current now. (Credit Cards)

Im hoping to buy a single family home. It will be my primary residence in the Stow, Oh area. Between 90-100,000. I'm hoping to qualify for a Conventional 97 loan since the PMI falls off down the road.

My down payment will be either 3 or 3.5 percent of the home. Depending if I go the Conventional 97 route or FHA.

I will also have 8,000 in savings but some of that will go to buying new furnishings.

I read that a conventional 97 loans requires a score of 620-640 which I'm good there and with me not having any debt whatsoever I'm figuring I'm in good shape but wanted to hear some opinions before I get my hopes too high in a few months.

[NC_Mtg_Loaner]

Go talk to a mortgage lender or banker in order to have them pre-approve you.  It looks good from what you've posted, but there's more to it than that--bring your 2 years tax returns, 2 months bank statements and 30 days' worth of paycheck stubs with you and you'll have a better idea in about 30 minutes.

(or just reach out to a lender and apply submit your paperwork and application online--it's not rocket science.)

[H-B]

You can get conventional or FHA with your loan scenario. Ask your lender to give you presentation for both product so you know the difference for savings.