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  • Do you think this would qualify for a home loan?

    Posted on November 24th, 2009 admin 3 comments
    shelli 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