What do I need for a mortgage.

Hey! You should be able to qualify on your own. If you send an e mail to me at Brooke.spears@ikonfg.com I would be happy to send you some information on our first time home buyer programs. Looking forward to hearing from you!

Jennifer,You might have good credit score but no credit history/trades.Most lender will require both.The only way to find out is to apply for mortgage with a reputable banker.There should be NO upfront charges of any kind and you should get an answer within 24-48 hours.Then, and only then you will know, if you are ready on your own, or still need your folks help.I'll be happy to do just that.Thanks and happy Holiday.Leonard VolodarskyPrivate Mortgage Banker646-350-6950

You are best off to get at least 2 more credit accounts, known in our business as tradelines. With 3 or more active credit accounts paid on time, you will be officially "creditworthy" as a mortgage borrower. If you also have some student loans that were not mentioned in your question, then you must be responsible and pay those on time in order to establish and maintain your good credit. If you need to rush and buy right now, you may be ok, depending on your entire credit report, but you may need a co-signer. If you get a few new credit accounts such as store cards or a Visa card, you will be on your way to pulling of this purchase money financing on your own in very little time. JeddNabonsal@gmail.com Los Angeles Pinnacle Bancorp

Your fine, you will qualify in a heartbeat, you have a down payment, great credit, and enough income. They usually like to see atleast 3 trade lines, however this can be accomplished with 1. you have a credit card, 2. im sure you have a cell phone, 3 some other kind of payment coud be anything, cable, gas/elec. All you need to do is document min of 6 months worth of payments and worst case 12 months. Any questions feel free to ask. Marcus

Jennifer your on your way lets say your learning to walk certainly with your assets, income and very little debt you can afford a home. What we want to see is a least 2 credit lines and proof you pay your full rent for at least a year once this done your ready. Docs required W-2's, paystubs, and bank statements. Staying within a 28% DTI you will be good to stay between $220,000 - $250,000 as purchase range. I can be reached via email ballen@accessnational.com or direct phone 240.750.8315.

The best answer? Contact a local licensed mortgage loan officer and let them take a full no obligation application. Typically you can get a good answer about YOUR EXACT SITUATION in about 30 minutes. Throwing out general income, credit, etc. in a medium like this just doesn't give any lender enough of a picture to answer your specific personal situation questions.

Great question Jennifer, to be honest there are several loan programs available each with their own set of qualifying criteria. Without knowing your exact scenario including your current credit scores, the number of open accounts illustrated on your credit report, the type of employment (i.e. salary, hourly, contract or self employed), and your previous rental history it would be irresponsible of me (and any other lender for that matter) to make a prequalification call based on assumptions. Your best option is to discuss your scenario in detail with a qualified and licensed mortgage professional. They can then inform you of what options are available and which ones would be best for your situation. If anything needs to be addressed prior to starting the loan application process a qualified mortgage professional will be able to advise you of what needs to be done and how to do it. This will help to insure a smooth process from application to closing. The best borrowers are those who are knowledgeable of their options and are able to an informed decision. Please feel free to contact me at your convenience to discuss your scenario in greater detail. I look forward to speaking with you shortly. Adam Webb, Mortgage Consultant, NMLS Unique Identifier #196458, First Charleston Mortgage, L.L.C., Toll Free (800) 968-3987, Cell: (843) 532-2860, Email: adam.webb@firstcharleston.com

It would be best if you have a 620 or higher credit score, but exceptions can be made, depending on the reason for a lower score or limited amount of credit. Lenders like to see at least 3 or 4 open lines of credit with 12 months or more payment history, but that's not necessarily required.No, you shouldn't need your parent to co-sign. It sounds as if you may have recently graduated and started your career. If your degree is in the same field as your career, we can use the education the same as job history.Many first-time home buyers are in your situation so I see nothing, based upon what you've written, that would be a problem. Please feel free to contact me at 803-447-1224 or ebambas@gmail.com to discuss further. If you'd like, you can fill out a loan application with no obligation on my secure sight, www.sc-homeloan.comThank you and,Best regards,Eugenia BambasExclusive SC Affiliate Lender for "Homes For Heroes"The Home Lending SourceNMLS #230539

Jennifer, as you can see from all the positive and encouraging responses you are probably all set to go. You will need a credit score and if your one credit card is still active you probably have both a high enough score and enough of a credit history to qualify. It is possible that your rental payment history or other information may need to be documented but you should be able to qualify. I have some preliminary info about mortgages and preparing to apply I'd be happy to send you - I work with a lot of first time buyers. phil.d@southerntrust.com or 843-343-6383. I'll respond even if it is this weekend.

PS> you can check your own credit at www.annualcreditreport.com which will not give you a score without paying for it but you can see what is being reported.

Hey Jennifer,It sounds like your on your way and in an excellent position to buy your first home.The only thing that might hold you back is if that credit card is brand new, and if it's your only tradeline on credit. If it is your only, but you've had it for 12 months or more you should have at least a 620 fico and be able to buy a home with a 20% down payment. For a smaller down payment the Mortgage Insurance Companies are going to want to see (4) tradelines.Sincerely,Matt Elston, AgSouth MortgagesNo Maximum Acreage Limitation Lendero. 803-324-1131, press 1melston@agsouthfc.com

Speak with a few local banks and credit unions. Your loan amount is too low for most brokers/lenders. .... Good luck. ... Happy funding, Rudi