First Time home buyer here

[onepeace25]

Hi guys, first time home buyer. Been prepping for a long time with both credit and savings. I plan on starting the process in April, but I have about 7-8 hard inq. Credit sits at about 730-740 depending where you look. Would the hard pulls affect me too much? Also thinking of using BoA grants, anyone have any experience / opinions on this grant?

Edit: Some extra info, completely debt free. Gross annual roughly 70k, gross income average around my area is 50K.

[ldkcivilservant]

Whats the reason for the INQs? You will be asked, and may be asked to supply a Letter of Explanation.

[dragontears]

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@onepeace25 wrote:

Hi guys, first time home buyer. Been prepping for a long time with both credit and savings. I plan on starting the process in April, but I have about 7-8 hard inq. Credit sits at about 730-740 depending where you look. Would the hard pulls affect me too much? Also thinking of using BoA grants, anyone have any experience / opinions on this grant?

Edit: Some extra info, completely debt free. Gross annual roughly 70k, gross income average around my area is 50K.

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No, the HP will not prevent you getting a mortgage, you will just have to supply a letter of explanation for any in the last ~6 months (actual time frame can vary by lender)

Don't know what grant you are talking about so don't have any opinions on it. 

[onepeace25]

INQ are just for credit cards, built back from 550 credit and I took the inq to help with score. I do not plan on having anymore. My downpayment so far is about 10k. Bank of America grant helps up to 10k down payment and 7.5k closing costs.