I have a middle FICO of 692, can I apply for a new home loan?

Yes you can! With the info you provided you will qualify for the home you are interested in with both of your incomes. I would suggest a conventional loan with a 10% down payment, but we can put together 2 different scenarios with conventional and FHA and see which has lower monthly payments for you. Of course there are other details we will have to discuss to find the best loan program for you and to be sure you will be approved. Please call me so we can further this discussion. Pam Gordon, The Gordon Group, Inc. 248-770-7066.

You are a loan officer's dream. Good FICO, money for a down payment and a good income. Now is the time to buy, interest rates at historic lows and home prices are about as low as they are going to get. I know some experts are saying they might decrease a bit more - but usually when people wait for the bottom they miss it. If there are no surprises in your situation, you could get approved for either an FHA or conventional loan. You should call a mortgage professional in your area and get pre-approved. Pam in the answer below looks like exactly the person to call. Good luck.

Yes absolutely! An FHA loan might be a great option for you, although I would also recommend a comparison between all your options so that you can make a well informed decision. You should touch base with a loan originator and go over your complete scenario so that they can best advice you. The information you provided is a great start but it doesn't answer all the questions. I hope you find this information helpful. Please contact me with any questions or concerns. Adam Webb Mortgage Consultant NMLS Unique Identifier #196458 First Charleston Mortgage L.L.C. Toll Free: (800) 968-3987 or email Adam.webb@firstcharleston.com

You are a prime candidate for FHA financing. 3.5% down, and rates are very low right now.. your scores are sufficient, and you have decent income. To be 100% accurate, you should contact a local mortgage broker, not a bank, and apply with them. They have access to a vast number of lenders and can find the right match to your particular scenario. You should avoid using a "Big Bank", or any internet lender. Dealing with someone local gives you the option to meet face to face with the person responsible for your loan. WilliamAcres.com

The FHA loan may is a good option for sure, however there are a couple of other options I would want to explore with you to make sure you are getting the best program for your family. The important thing is to make sure you consider the options availabel and make sure you are making the best decision for you and your family for the future. Please let me know if you have specfic questions or concerns and we will get those for you right away.

Yes, you are a good candidate for a conventional or FHA loan. With conventional there are extra fees you will pay for your credit score being lower than a 740 with less than 30% down and with FHA the monthly PMI is more. Please let me know if you would like a comparison between the two.Jim Papatheodore, Mortgage 1, Inc., NMLS ID 131478, (810) 444-0024, www.MichiganMortgageStore.com

Absolutely. Based on the information you provided, it appears you would qualify. FHA may be the best option for you, but my best advice is to contact a local Mortgage Banker/Broker, rather than one of the big banks. Unlike a bank employee, who is most likely just an order taker, a Mortgage Broker/Banker is Trained, Tested and Licensed in all aspects of Mortgage Origination. He/She will have access to loan products of many lenders, not just those of one bank, and can properly guide you. But more importantly, He/She is trained to take a look at the various different options available to you and guide you into the one that makes the best sense for your situation. Don't forget to check out your selected Mortgage Originator at the National Mortgage Licensing System at www.NMLSConsumerAccess.org

Should not be a problem call me for the lowest cost and best rate at 734-395-9027 Jack Cyrul Dependable Mortgage, Inc. I would be glad to come and meet with you at any time day or evenings.