Myfiance and I are lookingat home to get before we get married. This what evrery thing looks like, can some one maybe tell us if we could get a 170,000.00 loan?
I have the lowest scores so I know that they will go off my credit. My FICO for TU and EX 699 and 766. My EX score from FreeCreit is 644 so I figure my mid-score is around the high 600's based on TU. Our combined income is approx 64,000.00. Our combined Debt Payment for Student Loans is 365.00 and we both have a credit card with a minimum payment of 15.00. No other debt payments on our report and our Util for the cards is less than 10% and we pay it off every month. We have approx 13000.00 in saving combined. Seller will pay 50% of closing. Taxes approx 1000.00/year and insurance around $800.00. What are the chances for getting approved for a 170,000.00 loan? I also need to add that I have been employed with my current employer for a year as I just graduated from college last December. I did work full time while in school as well as my fiance. Fiance the same with employment and her job is basically in the same field. \
Thanks for the help and does anyone know how to compue a rough estimate on closing costs and mortgage pymnt per month?
