My fiance just started a new job in a new field (car sales). Do we have any chance of getting a mortgage?

Go sit down with a local mortgage broker to discuss your personal situation, but if the new sales job is commission, he will need to work there a minimum of two-years to use any commission income. If he does get an hourly base of some kind, just the hourly income can be used today for qualifying. www.Mortgage-Minneapolis.net

If your husband has a base salary, not a draw, then that could be used for qualifying income. As far as the commission he makes, you will need to have 2 years worth of documented commission income in order to count it. Your income, even though it's part time should be acceptable as well. As far as the price you are trying to qualify for, that would involve knowing what all of your debts are as well as your total income. You should go ahead and complete a pre-approval application to see where you stand.

He probably cannot.. Car sales is a commissioned job.. And he would need 2 full years in the field of work to have his income considered... your part time income can be considered since you've had it for 2.5 years... but your father is correct.. More than likely, you would need a cosigner who has sufficient income to satisfy your new mortgage payment as well as their own debt.. But really, you should stop guessing... The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. This way you will know for sure... 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

As others have indicated unless your fiance has a base/guaranteed salary from the car sales position you will likely need a strong co-signer who doesn't have much debt of their own in order to qualify. A knowledgeable mortgage professional will be able to help you figure out your options. Pick someone with a good reputation and work with them.

If he is commissioned you will need a ywo year history of commission income. In addition, any deductions that are taken for tax purposes on the filed tax returns will be netted out of the gross commssions received. This will reduce the amount of the income that can be used to qaualify.

Cash is King! Your credit scores are awesome! The income and deferred debt are your weak spots. With home prices near rock bottom, it's a GREAT time to buy a home. Dad as a co-signor--may or may not be helpful. When the student loans kick in, how will it affect your monthly budget?Trying to give a definitive answer is like trying to perform surgery blindfolded. You owe it to yourself to talk with a professional who can outlay all the options available to you. A mortgage broker is able to present solutions from various banks and lenders. You can apply online at www.fidelityfundingmortgage.com/brenda or call me at 813 909 9059

YES you have a chance, more information is needed to actually say for sure. The school deferment is for how long ? Your yearly income? More information on the home. If you would like to speak further about your options please contact me directly. www.HOMEMORTGAGEXPERT.com thanks Peter 855 411 LEND