Do i qualify

Do i qualifyDo i qualify
NeldaFer asked 3 years ago

1. Mortgage Credit Scores:  

EQ-625-TRANSUNION-635-EXPERIAN 665.

should be going up since my uti was at 80 percent paid down to 3%

 
2. Credit Negatives: If you have any, what negatives are on your credit reports. For each negative, please provide:
30 day late in mar 2014 and 60 day in april 2014. account is PIF now. I’m currently trying to get a goodwill adjustment hopefully the 60 day they will fix its from DCU
 
3. Gross IncomeGross income 45k
 
4. Source of income
Full time employee
5. Monthly debt payments. 400 total
 
6. Employment
W-2 a little over a year
 
7. Assets/ReservesThis is to determine how much you could potentially have as a down payment and also as reserves to help qualify (for example if your debt to income ratio is high this could help qualify you anyway).

    • Savings,
    • Checking
    • 401k.

    8. Location:  This is to determine govt guaranteed loan limits, what special programs might be available for you, how much property taxes & homeowners insurance will likely be, amongst other items.

      • Pennsylvania
      • washington
      • 15358

      9. Property Description: 

        • Is it a single family house 2 bedroom, 1 bath, full basement

        10. Property Value

          • Purchase transaction: what is the home price range you are looking in, narrowed it down to, or are under contract for
          • It’s part of my families home. Uncle passed his son is selling it to me for 40k the house is appraised at 94k

          11. Occupancy

            • Primary residence
            • 2 people me an my girlfriend her income is 40k
            12. Transaction Type
            Purchase
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