Can someone with a less than perfect credit history get a home loan today January 23, 2008?

My wife and I were married in August 2007. First off, according to my WaMu online statement page I have a 678 credit score based upon Bancard Industry FICO. My credit history isn%26#039;t that great. I had a car repo%26#039;d in 1998. That judgment has since fallen off my credit report. I finished school in 2001 and started my job in 2002. I have been with my company for 5 years 3 mos. and make about $42K a year. I was delinquent on bill paying in the past but have not been late or missed a payment since 2002. My wife and I have 4 credit cards and 2 car loans. We also have IRAs 401(k)s and some funds in a CD. My wife has been employed with her company since 2004. She makes about $45k. We aren%26#039;t sure what her credit score is but we know that when she bought her car in 2005, it was a 664. We both have student loans. According to the %26quot;How much can we afford calculators%26quot;, we should be able to get about $200k for a house. Based upon our credit, what do you think is more realistic in todays market? Thanks

Can someone with a less than perfect credit history get a home loan today January 23, 2008?

I think 200000 is right on...

Can someone with a less than perfect credit history get a home loan today January 23, 2008?

do you have anything saved? how much equity can you put down? tba

Can someone with a less than perfect credit history get a home loan today January 23, 2008?

NOPE!!!

Can someone with a less than perfect credit history get a home loan today January 23, 2008?

Maybe

Can someone with a less than perfect credit history get a home loan today January 23, 2008?

I think you should have no problem getting a loan. But I would make sure you will be able to pay for a mortgage with all of your other loans

Can someone with a less than perfect credit history get a home loan today January 23, 2008?

I%26#039;m 22 and my husband is 23 we have a baby, two autos and he has $10,000 in student loans. My credit score is similar to yours. and his is a little lower. Because the sub prime market lenders are about to go under I would recommend you get in on one and apply with your name and your wife%26#039;s. Also, the best way to get approved for a loan is build a new home with a developer. I would recommend Republic or First place bank. They gave us a loan based on me closing out a collection on my credit report, and we can afford it the interest rate is 5.25% fixed on a $126,000 home. Also check into the Nehemiah Progran for downpayment asistance it is free and you pay $200 to your lender to do the program. Also, keep in mind closing costs can roll into the price of a loan if you file for and FHA loan. Here are some sites you can check out. I recommend the nehemiah website.

Can someone with a less than perfect credit history get a home loan today January 23, 2008?

I think what is realistic is the fact that you should be able to find affordable, comfortable housing in a good-to-great school system, and still be able to afford the payments.

Try notching it down a bit to about 150K, no matter what another Loan Officer would tell you.

I always like to tell my clients to make sure there%26#039;s room...for what you say?

Another child, a sickness, a job loss, etc. Anything can happen, or not happen. But the key is being prepared for it either way. That%26#039;s the definition of secure.

With your scores, you should have no problem finding a place to call home.

Good Luck, relax, and GIT if you have an other detailed questions.

americannationwidemtg@yahoo.com

Can someone with a less than perfect credit history get a home loan today January 23, 2008?

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