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Updated over 8 years ago on . Most recent reply

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5
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Ramzey Farsijany
  • Bakersfield, CA
0
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5
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Conventional financing unemployed

Ramzey Farsijany
  • Bakersfield, CA
Posted
Currently I'm interested in trying to qualify for a home loan which would be no more then $80,000. My situation Unemployment 425 a week ($1700 month) I've talked to one bank and they said they'll factor it in the rest none. My own navy federal said its up the the lenders. After I talked to someone else. I'm a veteran so I'm using my post 9/11 which equals ($3700) month which I only get while I'm in school but will be getting for the next three years. Quicken loans said text can consider this but others said no. Honesty I believe he was trying to rush and see if I did qualify. I have a rental property already mortgage $1500 month leased for 1 years ($2000). Nets $500 month I have a $450 loan out and that's all my debt. So where does this leave me for trying to qualify for s home loan for no more than 80k? I have the money for a downpayment and closing. I have 725 credit score The home would be a duplex. Looking to bring in $600-1000 after expenses.

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