626 and 640 Milwaukee 1st Home

No way to know without actually going through the process of letting a qualified mortgage consultant look at your complete profile.. the limited info you provided is not enough for anyone here to say for sure.. for this reason, the best advice I can give you would be to contact a LOCAL mortgage broker and apply with them. Do not use the local "Big" bank, or one of those 50 states internet lenders or nationwide lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Hi Joshua,Not all lenders offer FHA loans with a 620 score but a number of them will. The minumum down payment for FHA loans was raised to 3.5% several years ago, but I doubt that will be a major hurdle for you. I don't lend in WI but I expect a few local lenders will be responding soon and some of them should be able to help you. On another note, I have a friend who may want to sell a duplex in West Allis. If you want to contact them just click on my profile pic and send me a message. Thanks and good luck!

As others are saying, it depends on other details and the overall picture of debt vs. gross income for both of you (combined). Also, FHA mortgages normally require 3.5% as a downpayment. Pick an experienced and reputable lender and check into your options!

We offer FHA loans down to a 580 middle score with a 3.5% downpayment. The minimum standard downpayment for a FHA loan is 3.5%. I am local and would be happy to help you. I have done many loans in Plymouth Wisconsin. I am located in Appleton Wisconsin. I have a banking license and a broker's license, so I can do both. Based on the information provided, it seems you can be approved, but please understand a full application is necessary in order to determine your liabilities and how much you would be approved for. We do not charge an application fee and the pre-approval process is completely free. We can complete a pre-approval in 24 hours or less. Please just give me a call at 920-277-3595 or send me an email at joshua.wachowiak@spm1.com and I can walk you through everything. I promise it will not be a waste of your time.

I do cover the state of Wisconsin and have clients in Milwaukee.Looks like you are on your way to buying a new home. I would be happy to assist you along the way. The responses are correct we will need some more information to obtain an approval. Based on the limited info you posted, I can tell you I have done similar loans in the past.Call me or go online for an application!

Your scores are on the low end of the acceptable range. Income should be OK as long as there isn't too much debt. But ultimately, the only way you will know is to complete a full application, and let an experienced Loan Officer review it. FHA is 3.5% down. IN MN and WI, visit www.WI-MortgageBroker.com for more info

We are able to consider financing a home down to a 580 middle credit score. Please contact me if you would like to discuss your situation further. Sincerely, Mandy Fritsche, Prospect Mortgage, Mortgage Loan Officer, NMLS# 557211I am able to originate in WI262-327-5700 Cell, 877-868-9198 Fax, mandy.fritsche@prospectmtg.comwww.MyProspectMortgage.com/mfritsche