Posted on: 11th May, 2009 03:55 pm
Hi whats the best loan for me. I make about 40k a year my fico score is around 645. Im looking for a house of about 125k. I have the 20% down payment. Please help.
HI, An FHA loan sounds really good for you. 620 min fico score which you have. 20% down is very good, fha only requires 3.5% down payment min. 40k a year for a 125k mortgage sounds pretty good for you. How is your other debts though? Car? Credit Cards?
Hi Gary thank you for your response, I was told by one of my neighbors that an fha loan was a very good choice for me as thats what kind of loan he got. Thanks.
Hi MarkSS, No problem glad i can help. FHA yes it fits you very well. Hope all works out for you.