My girlfriend has been in the process of buying a home for over a month now, she has found what she wants, she is wanting to build... Her mortgage guy puller her reports awhile back, he has never mentioned a problem, at first he said start looking at the 105k price range, she decided she wanted more, so she gave them the documentation on her Overtime, which is substantial. Currently the house she wants is 124k. She has had credit for about 12 years, not late payments etc. I know her Discover and Visa do not have good credit ratios currently, but I am hoping her retail cards will help, is this considered in ratios? The other thing she has is a student loan, no car loan, which will help with her debt ratio... I am wondering what you guys think of the chances, I am really nervous for her, she really wants a home. I'm thinking her scorfes have to be in the 600's at least, but I don't know. Please Advise..... I keep asking her to get the FICO from her mortgage guy, they have been playing phone tag for 2 weeks!
Well she just told me, she got off the phone with the mortgage guy, she got 125k at 6.8XX, sounds great! Im so happy!
