FishiesOnMyHead
Joined: 30 Sep 2008
Posts: 1
Location: USA
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| Posted: Tue Sep 30, 2008 5:32 pm Post subject: I don't know what kind of loan to get. Help? |
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Alright, I make 65,000 a year. I found the house I want to get at 149,000. Needs no work. I'm prequalified up to 200,000. Now, the problem is, I'm 20 years old and don't have established credit. I only have one credit card and I've only been paying it for 3 months now. My father has agreed to co-sign with me. He has a credit score of 930. So my first question is, could I use his score to get qualified for a loan? (Him being the primary signer, and me being the secondary or co-signer) Secondly, I looked into the FHA loan and cannot get one without me having credit as well. Is there ANY kind of loan (besides setting it as non-owner occupied through my father, which will only finance 80%) that I can get? I've fallen in love with this house.
Please let me know.
By the way i can only affrod to put 10% down right now. |
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