we have a middle score of 625, we live in texas, we are also self emplyed, ( rental properties) any help

I dont see any problems if you are self employed and showing income on the tax return for the passed 2 years. We can discuss this further if you go to WWW.HOMEMORTGAGEXPERT.com

We can offer FHA down to a 620 and I can determine your income from Self Employment without you applying, so feel free to send me an offline message on this site to discuss how I can help without making any commitments to work with me! Thank you!

It really depends on what it is you are trying to do. Your scores are good enough for some programs but not for others. More detail would make it easier to answer your question. If you prefer, contact a local licensed Mortgage Professional. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Certified by the National Association of Mortgage Professionals and Licensed in California and Arizona ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

When you are a real estate investor many lenders have a max. on how many properties they will allow you to have that carry mortgages. How many of your rental properties have mortgages?

With 7 you should be fine, most lenders have 10 as max.....I'm only in NJ so when inquiring with lenders on Lender411 just make sure you mention that you have 7 properties that have mortgages. Good Luck!

1040 income on line 37, for last 2 years, will be important in determining your debt ratio.

The info you gave sounds ok , more info will be needed to see how you can be helped.Call us or email us at 201-962-3555 or Team@BestMortgageOption.com for ano cost no obligation analysis of your situation. Ask for Michelle or Benny We will find the Best Mortgage Option to suit your needs!You can check us out at www.BestMortgageOption.com We are also proud Homes for Heroes affiliates!

O local lender should be able to help you

FHA is going to be your best bet.

You shouldn't have any problems with an FHA or VA mortgage.

If you are trying to purchase an owner occupied home, then FHA or VA will go to 620. Some lenders have overlays to 640 but many will do 620. If you are trying to buy another rental property, you may be able to find a lender who will go to 620 with a conventional loan but your rate will be higher. Best bet is to talk with one of the Lender 411 mortgage professionals about your specific situation and what you are trying to do. Good luck.

With no mortgages that helps with your DTI

You can email anyone on this site directly through Lender411 by going to their profile and from there you can supply your direct contact information if you'd like to speak to someone directly offline. Good Luck!