My husband and I both have credit scores of 620, and bring in about $ 30,000- 35,000 a year. We’re looking to buy a home below $ 100,000 in the Houston/ Conroe, Tx area. Ive been told by a local mortgage company that we look pre-qualified. The only downside is my husbands only been with his current employer for 8 months, and im going to school and not working. How likely is it we could get a decent interest rate or even get a mortgage at all?
As far as debt goes we have one credit card with $ 800 on it, I have $ 9000 in deferred student loans and im not expected to start paying them back till late next year, we have one collection for $ 1400 that we’re disputing. All other debts were paid off or settled. I was told the student loans wouldnt be held against us.