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jbarbagallo
Joined: 13 Aug 2009
Posts: 2
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| Posted: Thu Aug 13, 2009 3:51 am Post subject: Am I able to get a loan? |
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| Just got back from a deployment (Army national guard) 2 months ago. The military just stopped paying me but... I going to go full time student and army pays 1900 /mo (starts in 5 weeks) + Unemployment Benefits off of the deployment. I also have the Va loan backing me. Is it possible to to get a loan for 90-100k ?? oh ya, my credit is clean with a 732 and I am 24. Also.. The house that caught my eye has been on the market for a year (it was bought in 08' @ 68,000) I think they put a roof, siding, carpet... ect ( think its a flip) well the listed price is 119k and I'd like to offer 90, what would y'all think? |
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Chuck DeMonte
Joined: 17 Apr 2009
Posts: 51
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| Posted: Thu Aug 13, 2009 3:32 pm Post subject: |
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Good question.
You will not have a problem getting approved credit wise the only question in my opinion is will the income eb enough.
You can definitely be qualified using the $1900 I just dont know if it will be enough.
How much monthly debt do you have that is on the credit report? Just minimum monthly obligations. |
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jbarbagallo
Joined: 13 Aug 2009
Posts: 2
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| Posted: Thu Aug 13, 2009 9:57 pm Post subject: monthly debt. |
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| The only monthly "bills" I currently have is a car insurance premium of 100'ish and an 80$ phone bill. Ya, 1900 for attending school a month and well the 500+ a week from unemployment (I doubt I could include but hey would be nice) also taking the test for my Realtor license and well take a shot @ that. |
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refinancing2009
Joined: 18 Aug 2009
Posts: 6
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| Posted: Tue Aug 18, 2009 4:24 pm Post subject: |
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| Yes Absolutely Correct |
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