Posted on: 16th Jul, 2014 05:30 pm
Hi
My wife and I are looking to buy a home! As of now we have 30,000 to put down and hoping to add another 10 to put down. I have a credit score of 690 and she has a score of 720. I owe 60,000 in student loans, I am making payments on one student loan and the other in forbearance. We have on car payment which is a lease and only other debt is rent what chance do we have qualifying for a loan?
My wife and I are looking to buy a home! As of now we have 30,000 to put down and hoping to add another 10 to put down. I have a credit score of 690 and she has a score of 720. I owe 60,000 in student loans, I am making payments on one student loan and the other in forbearance. We have on car payment which is a lease and only other debt is rent what chance do we have qualifying for a loan?
You should have a solid chance - the student loans in forebearance may need to be looked at a little closer but nothing else stands out - The only way to know how much you could qualify would be to apply and ask for a preapproval - if you know the price range it can be donw based on that or just a general "how much can I afford" - If you need help let us know -
Brian Barnes
ENG Lending
National Lender
Brian Barnes
ENG Lending
National Lender