Will we qualify?

Hey Maka... although you did a good job of giving as much information as you could, it's really not enough to determine if you can be approved... you have enough down payment, and you have enough reserves, your debt to income ratios are also within guidelines, so no issue there.. Most lenders want a 640 mid credit score, however there are many lenders out there that will go below 640.. Some to 620, others to 580 and a few that go as low as 500. You're making a big mistake talking to WF... The best advice I can give you is to contact a LOCAL mortgage broker, not the local "Big" bank, and certainly not one of those 50 states internet 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

Your score alone would not necessarily disqualify you. There are many factors that go into qualify and to know for sure I would recommend applying.Dale - Supreme Lendingdale.petrillo@supremelending.com

There are other factors involved besides a credit score. If his middle score is a 625, this score is still a score we can work with. Give me a call at 920-410-2646 or send me an email at pschubert@phewholesale.com - Pam Schubert with Peoples Home Equity

There is neither a cost or obligation for a mortgage consultation or cost of borrowing analysis. I look forward to the opportunity to serve you with all your mortgage needs. ENG Lending, A Division of Bank of England, always puts your best interest first. We would appreciate the opportunity to serve you. Please visit us at www.cincinnatimortgagerate.net. You will soon find that we are so much more than a Mortgage Banker; we are a company that is dedicated to empowering our clients and referral partners. Don't forget to visit our Facebook Fanpage at http://www.facebook.com/pages/ENG-Lending-Cincinnati/171183536269710?sk=wall Or Call Anytime 513-403-6260

With a mid-credit score of 625, the funds that you have available along with your income you are eligible for either a Fannie Mae or FHA mortgage; all of your info does need to be verified. With the lower credit score, FHA may be the best option to get the best rate, plus FHA Mortgages are assumable. If you go to my website; www.MadTownMortgage.com, click on the "apply on-line" link and complete an application, I can provide you with a full mortgage "pre-approval" within 24 hours; that way you will have your mortgage approved before you make an offer on a home. Feel free to call me at 608-831-4663 or email Bill@MadTownMortgage.com. Bill Quigley, Network Funding, LP

As long as the middle score for both borrowers (since you are looking to use both of your incomes) is 620 or higher, you shouldn't have a problem going FHA. I am a local mortgage broker/mortgage banker. We specialize in FHA loans and this seems to be the route that you would need to go. It is possible to do the loan as a Conventional loan, but with the score in that range you will find that FHA is a better deal. I would be honored to assist you. Call me anytime. Office 920-731-3175 or Cell 920-277-3595. My name is Joshua Wachowiak, and I am the branch manager of the Freedom Mortgage Corporation Appleton, WI office. We do not charge any application fees. And there of course would be no obligation or fee in getting pre-approved.