looking at buying a home.

First you need to be sure all your child support is current... no lender will lend to you if you have a child support judgment, or if it's delinquent... then you should 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. 480-287-5714 WilliamAcres.com

Hi Brando! Loan Approvals take into account income, assets, employment history, and credit among other things. Sounds like your credit is in good shape and your income seems in line with the Price Range you are looking for, but all of your existing financial obligations reported on your credit file will be used to find your Debt to Income Ratio. I'd be happy to work with you and get you "Mortgage Ready"! Let me know by sending me an offline message! Have a great day!

If your back child support is not current, it will need to be before your loan is final. You credit score qualifies. The only loan product that is truly credit score sensitive is a Conventional Loan. The higher your credit score the better the interest rate. With another product, say an FHA, whether you have a 640 credit score or an 800+, you should get the same rate.

Brando,As long as your child support is current, your credit should not be an issue. What interest rate you get is dependent on the loan program you use. If you want a comparison of various loan programs and their interest rates, contact me or go to my web site at http://www.mortgageloansofamerica.com and fill out the loan application. I will be glad to help you. I am licensed in Iowa.Thanks,Dennis W Clark402-333-5432NMLS#13970dennis@mortgageloansofamerica.comFreedom Lending, LLC

Contact Dennis, or one of the other fine lenders on Lender411, who lend in your area.

Brando, What I would recomend in that you obtain a letter of good standing with your child support. You will need it for the loan you will soon applying for. Now you stated your score is 654, was that a Bank pulled credit or a consumer report from you looking on line ? Bank credit is usually tougher then consumer credit. To answer your question correctly, a loan officer would need to know what your reported liabilites are on credit. A client can make alot of money but can have alot of bills that need to be paid each month. Send me an email and I can help you work threw any issue, take a look at my web sight. www.HOMEMORTGAGEXPERT.COM I am a lic. Lender in all 50 states. thank you, Peter Savino