How likely is it I will get a home loan?

MandyS · #1 (**permalink**) 06-03-2009, 10:04 PM

I have a credit score that is around 640. I found a place in PA for sale that is 35,000. I will have around 10,000 to 12,000 for a down payment and once I sell my current house, my debt to income ratio will be only 10%. My husband has been at his current job for about 9 months but we are moving from KY to PA and he will be getting another one. How likely is it that i will be approved for the loan?

brian · #2 (**permalink**) 06-17-2009, 06:29 AM

Difficult to say without any further information on background history - but certainly worth asking a few banks.

User Name · #3 (**permalink**) 06-17-2009, 11:29 PM

Quote:

Originally Posted by MandyS

I have a credit score that is around 640. I found a place in PA for sale that is 35,000. I will have around 10,000 to 12,000 for a down payment and once I sell my current house, my debt to income ratio will be only 10%. My husband has been at his current job for about 9 months but we are moving from KY to PA and he will be getting another one. How likely is it that i will be approved for the loan?

35K for a livable house in PA? Is it 350K or maybe a house boat?

Curtissmith · #4 (**permalink**) 06-22-2009, 11:53 AM

Dont worry about that last post besides being rude he is only here trying to get backlinks for his worthless website, so ignore his stupid comments on a house boat.

As far as not being employed very long they may look at his previous employment. How long was he employed before? Actually your situation looks fairly good.

User Name · #5 (**permalink**) 06-22-2009, 12:05 PM

Actually, that was a legitimate question. I have retired family that live in PA on a house boat. 35k for a livable house is not particle unless it's a great deal on a bank owned property or similar. Additionally, no one is being rude to you or anyone else. And, my business is advertised for people that live in GA, KY, and OH, all where I have locations, so "spamming" to a bunch of people that live outside of those areas would be a waste of time that I do not have a lot of.
Thank you

Curtissmith · #6 (**permalink**) 06-22-2009, 01:36 PM

No offense but most of your posts just look like your trying to get backlinks to your site. Your content looks like it was quickly tossed together and your just trying get that one more post for the day with a banklink to your site.

brian · #7 (**permalink**) 06-29-2009, 12:22 PM

The irony is that the links are nofollowed, which according to Google means they pass no benefit.

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