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Credit FICO score of 678, $185,000 home with 20% down, can I get a mortgage?

I've been employed for close to a decade, credit card debt had my hamstrung about 3 years ago, but I am rebuilding. If I can get that 20% down payment with my annual income of 65k, can I get this home? by chance_863_460 from Jacksonville, Florida. Dec 21st 2011 Reply


Lynne Rohde (TeamRohde)
#92 ranked lender in Florida - 4 contributions

I can't definitively tell you without pulling your credit and analyzing your income but from what you've stating it should be approvable. Feel free to contact me:Lynne Rohde - Over 25 years of experience!Originator NMLS # 263475Mortgage Professional - FHA, VA, RURAL HOUSING AND CONVENTIONALE-mail me: LMRECO@aol.comCall me: 407-667-4886Fax me: 407-650-2921Apply on-line: www.teamrohde.com

Dec 21st 2011
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Jeff Cost (midwestlender)
#40 ranked lender in Ohio - 160 contributions

Looks like you have several options. I provide free pre-approvals and a free copy of your tri-merge Fico Credit Report. ENG Lending, A Division of Bank of England, always puts your best interest first. We would appreciate the opportunity to serve you. Please visit us at www.cincinnatimortgagerate.net. You will soon find that we are so much more than a Mortgage Banker; we are a company that is dedicated to empowering our clients and referral partners. Don't forget to visit our Facebook Fanpage at http://www.facebook.com/pages/ENG-Lending-Cincinnati/171183536269710?sk=wall Or Call Anytime 513-403-6260

Dec 21st 2011
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Steve Verrier (eqfsteve)
#62 ranked lender in Florida - 21 contributions

YES. 904-514-8884. Steve VerrierI would love to help you.

Dec 21st 2011
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Rob Ziebart (rziebart)
#97 ranked lender in Florida - 6 contributions

Should only need 3.5% down, possibly $0 down USDA. Keep the extra money in your pocket, every $10,000.00 down on a mortgage only reduces your payment by $50.00 per month. You can reach me tonight on my cell phone at 352-875-6907. I'll be leaving for Christmas vacation with my wife and kids tomorrow at 2:00 and won't be back until 1/2/2012 so try to call me tonight so I can ask you a couple more questions and give you some solid answers. Talk to you then. Rob Ziebart

Dec 21st 2011
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Bert Carpenter (BertCarpenter)
#40 ranked lender in Arizona - 1,732 contributions

Yes you can! In fact, you do not need 20% down. FHA only requires a down payment of 3.5%, and in many cases the interest rate is as good or better. My best advice is to contact a local Mortgage Banker/Broker, rather than one of the big banks. Unlike a bank employee, who is most likely just an order taker, a Mortgage Broker/Banker is Trained, Tested and Licensed in all aspects of Mortgage Origination. He/She will have access to loan products of many lenders, not just those of one bank. More importantly, they will be able to walk you through the pros and cons of each loan type so you can make a great decision as to which loan type you want.

Dec 21st 2011
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