Compare Mortgage Quotes

jeffjbar · Joined: 22 Jun 2009 Posts: 4 0.61 Dollars($)

I know this has probably been covered before but here is my situation..

Credit scores eq 621 exp 644 transu 637. I am self employed and can verify only about 30% of my income. I know that I will not qualify for a 115K loan with my tax return info. My mother has offered to cosign for me her income is more than adequate to meet the requirements and credit score is somewhere around 800. Is this an easy one, or am I going to have a tough time trying to financed. Thanks in advance.

Realgeni · Joined: 13 Apr 2009 Posts: 1434 99.76 Dollars($)

jeffjbar

Welcoem to the forum

You ahve a good good credit score to got for FHA loan. if income si the problem, the your mother co-signign it will absoutley help you.

But rememebr, bot of you will be responsible for the loan

Good luck and feel free to ask

jeffjbar · Joined: 22 Jun 2009 Posts: 4 0.61 Dollars($)

realgeni

thanks for your help.

Realgeni · Joined: 13 Apr 2009 Posts: 1434 99.76 Dollars($)

Glad to help

Good luck

jeffjbar · Joined: 22 Jun 2009 Posts: 4 0.61 Dollars($)

Went to the bank today and was told that since I have only been self employed for 1.5 years that my income could not be added at all and my cosigners income would have to carry her debt and mine. Is there any way around that or is that the way it is? Thanks in advance.

on edit: Also I have heard that if you owe less than 10 months on auto loan that the payment would not count toward your monthly debt. Is that true?

Property State:
Property Type:
Credit Rating:

Company	Loan Type	APR	Est. Pmt.
				Go
				Go
				Go
				Go
				Go
				Go

All times are GMT - 7 Hours

Page 1 of 1

Compare Mortgage Quotes

Fha loan help