I am a first time home buyer and want to know what I'd need to be approved for a home loan of 199k?
Hi, The requirements depend on the type of loan. For instance: FHA loan: we can work with a 580 credit score, the income and debt ratios are higher and more flexible up to 55% on the back end. You can put a minimum of a 3.5% down payment. However, there are requirements for this loan, you need to occupy the...

Should we wait or apply?
Hi,I think you can apply, there might be things that can be done with your credit score to bump it a little higher. If you happen to have any questions feel free to give me a call. Thanks. Luis Angel LajaraSenior Loan OfficerContour Mortgage Corp.347-334-9114