How hard will it be to get a mortgage?
962100
I think that most mortgage companies will look at both scenarios & take both incomes into consideration. If both people want to be on the note of the loan they will look at both incomes.
904192
You need to ask for a 100% mortgage.. to get that you need to be earning loads of money.. I did hear that some banks are offering 5x your salery.. in that case if you are on £30,000 a year you would be able to get a £150,000 house
415066
No. The mortgage company will pull a credit report 1 time. They will then get income and reserves from you as to down payment etc. This will then be put into the mortgage software program and it tells the loan professional just how much home you can afford for 15-20 25-30 year terms. You then have to settle on a home and the price you are willing to pay and the terms that you desire. If you have problem credit then he or she may have to submit your loan to several companies in order to close on your new home.
330272
Its not easy buying a home with bad credit. Its not easy buying a home with good credit now adays. I say, go through a credit builder and discuss your debt with them. It might take some months or even some years until you get your credit straight before you buy a home.  If you have bad credit now, the house is just gonna make it worse if you don't pay your notes and bills.
873720
Just phone up any mortgage company and ask them. If they don't do it themselves they might know who will.\n\nJems xXx
1098226
Depending on your state the regulations are different... In colorado (where I am) and in many other states, you can get into mortgages easily.  You can apply with any mortgage broker for the job.  It pays quite well, but is usually pretty tough-as-nails sales.  If you have sales experience, you will find it easier.  If your state requires licensing for it, most community colleges will offer certifications in things like that and real estate.\nGood Luck!
969637
Go to a mortgage broker, they are easier than banks and have a number of lending programs. Anyone can get an FHA mortgage 18 months out of bankruptcy, so I'm sure you can get a mortgage having not had any of these past issues! There may be a few things you need to touch up but I'm sure you can get a mortgage. You just have to know where to look....and don't take no for an answer.
256831
Bad credit can make it difficult to obtain a loan - You may need to fix your credit first and then re-apply. This is a long process - it could take you 12months or more. Start saving money into a savings account, whatever you think you can afford - this will help you work out how much you could borrow, and in turn what house you may be able to afford. There is a lot more to it, money for repairs etc. So even after you buy a house there is more money needed, on an ongoing basis to keep it up. Good luck
339953
Call a random mortgage company and ask them this question.
352407
Yeah, but most lenders won't give you a loan.  Even if you get a loan it will have prohibitively high interest rates.
507226
im not familiar with get a home loan net- make sure they are a responsible lender-sanctioned by your state dept of banking and ins. or something like that--now-to answer your ?--4% fixed for a 15 yr loan is excellent-- make sure there are no loan origination fees, or hidden fees- a 1% origination fee could be common, yet that is 1,000 on a 100K loan--you are 25 now-your home would be free and clear by age 40--very good idea- only if you plan on marriage and a large family with lots of other obligations would a 30 yr mtg have some appeal as the payments would be lower, yet the rate would be higher- the 4% rate is because it is a 15 yr loan !! take the deal and run as long as the company issuing the mortgage is reputable !! i am a retired CPA & CFP ( certified financial planner)
966780
Only through experience.  I am a mortgage professional too, with another company.  I'm still pretty new at it;  a lot of it is plain dumb luck.  The other half is getting the borrower to qualify under all the terms of the loan (income, credit, appraisal, w-2, DTI, etc).  It is extremely hard sometimes, and you get a lot of "fallout".   And, it depends on your compensation as well.  But as far as terminology and correspondent lenders, qualifying and amortization, those "complicated" things get easier over time.
88089
Most lenders require a minimum of 2 trades that have seasoned for 2 yrs. If you do not have this then you will have a hard time qualifying for a mortgage. Especially an investment property.
469050
FHA requires full documentation of income, 2 years of Employment, and decent credit(usually 580 or above but I've gotten exceptions on lower credit scores).  You might also want to look for some grants that actually pay the 3% down-payment that is required.  FHA has made some great changes to their guidelines and I believe they are going to make a strong comeback.  I work in the mortgage buisness(Correspondent Lender) so please feel free to contact me for more information.
1118630
Ask youself, do I want a mortgage if I do not have a job lined up?  I would assume the move is related to a new job.  If so, you will not have nay issues getting a loan.  I can get someone financed with no money in the bank, no job, if they have a 680 credit score.  No Doc loan are available if you have good credit and some money to put down.
531745
Probably, but you will not get the best interest rate. A big problem will be if you have too much other debt: car loan, credit card bills, etc. This plus the higher interest rate will limit how big a loan you can qualify for. Before you go house hunting, go to a reputable loan officer and find out whether you can get prequalified.\n\nAnother way to go will be to look for a house with owner financing. \n\nI hope that you are taking steps to clean up your credit and to correct whatever mistakes you have made that have hurt your credit rating.
1156784
Not at all....I bought my first house when I was 19....it was really easy....the mortgage company takes care of most of the paper work....