Mortgages Home Loans - bankruptcy modification
answers to your mortgage loan questions
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Do you think this would qualify for a home loan?
Posted on November 24th, 2009 3 commentsshelli b asked:
–The house costs around $140,000.
–Could give a downpayment around $60 to 75,000.
–Plan on paying off all of their bills (currently on a debt management plan and late on some others.) so they would have no debts other than a school loan.
–Credit scores not the greatest. I believe around 620 for both husband and wife.
–Moving from Calif. to Arizona.
–Wife will have same job when moving to AZ–make about $2,400 month.
–Husband will not have job yet when wife moves. Plans to move once a transfer on current job goes through. Will visit on some weekends. (could be 6 months, a year?)
– They own a home in California but are accepting a mortgage buyout and their names will be taken off mortgage.Any insight on this one? Thank you!
Husband makes about $3,500/month, but since he doesn’t have the job yet in Arizona, is that going to be a huge problem.
BLAIR



