Posted on: 13th Mar, 2010 03:39 pm
Hello,
We are looking to purchase a vacation home in SC.
Presently have very high debt to income ratio top end around 80%, I'm self employed and business shows loss.
Wifes income is around $120,000
We both have middle credit scores around 700,
first home in MA has $400,000 mortgage and vaule today is around $400,000
Home we are looking at is $150,000 and would like to put down around 30%
Are there any programs still left out there for us???/
We are looking to purchase a vacation home in SC.
Presently have very high debt to income ratio top end around 80%, I'm self employed and business shows loss.
Wifes income is around $120,000
We both have middle credit scores around 700,
first home in MA has $400,000 mortgage and vaule today is around $400,000
Home we are looking at is $150,000 and would like to put down around 30%
Are there any programs still left out there for us???/
There are stated income loans but not aware of any in SC. Is your wife on the home loan right now? If not, then she can get the loan on the second home on her own.