We are trying to get a VA loan for our first home purchase right now our monthly debts are high at $858, but by the time we purchase I hope to have it lower we will have no credit card payments at the time of applying or during the process.
- Credit. Me TU 677, EQ 638, EX? I have two paid collections on all three reports one falls off in November, The other falls off June2014. Wife all 3 in the 750 range.
- Income. Me 37,766 tax free, Wife $8289 for a total of $46,055 annually
- Source of income. Employment, Social Security, and VA benefits.
- Monthly debt payments. Two car payments $622, Student Loan $236 hopefully when we do purchase I will have one car paid off which will bring our debts to roughly $636
- Employment Wife part time has only been working for 3 months
- Assets/Reserves. $15,000
- Location. Mentor, Ohio Lake county
- Property. Single family house
- Value. Price range 150,000
- Occupancy. Primary residence
- Transaction Type. Purchase
