I applied for an FHA mortgage loan.. Its is in underwriting right now and should have a yes or no tomorrow… But what are my chances of getting approve
* I make about $ 27000 gross a year
* My credit score is 655
* Never made any late payments
* First time home buyer
* Home is listed at 75,000
* Ive been at my job for 4 years & will be getting another raise in Sept of $ 200.00 on my salary!
*I have a $ 500 car pymt, & a credit card with a balance of 3,800 pymts about $ 100 a month!
my loan officer said everything looks good… but honestly im worried!