@svtthis wrote:
I'm 5 months away from my lease being up on my rental and want to purchase a house. I pulled my 3b+ report last night to find out my mortgage scores. 683 706 and 720 were the scores that I got. So I'm hoping for a good interest rate. I just paid off my car to help lower my dti ratio since I don't make a lot of money. So please help me decide which mortgage route to go
39k income
5 occupants (me wife and 3 kids)
More than likely would have to go 100% financing
1 credit card bill for $110 Only expense. I have a consolidation loan reporting with nfcu but I paid a good portion of the balance down so it's not due again till 2019.
How much house could I qualify for if I went 100% financing?
Other than usda direct what other options do I have for 100% financing?
Go to NFCU products page and click on mortgages. They have all kinds of calculators that you can play around with to determine how much house you can afford.
https://www.navyfederal.org/products-services/loans/mortgage/mortgage-rates.php
Also interest rates are based on scores so you won't get the lowest rate they're offering. The rate right now for 100% financing, 30-yr. fixed is 4.625% -- again based on creditworthiness.
GL to you.
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