What does it take to qualify for a mortage?
I am currently a college student in NC, graduating this semester. I have accepted a full time job, making $86,000/year, and will be graduating with ~$30,000 in savings and $14,000 in student loan debt. I have a credit score ranging between 720 and 750. I would like to look into buying a house shortly after graduating, but I'm not sure if I will need to save up more first, have more employment history, or generally when I will qualify. What exactly does it take to qualify? by jcbhghy309 from , California. Mar 15th 2021
Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions
First of all, congratulations on your nearing graduation and managing to accumulate only $14,000 in Student Loan debt. Both your income and credit scores are great. There are programs available with as little as 3% down for first-time homebuyers. Your first step is to locate a Mortgage Broker that is licensed in the state you are looking to buy in to get yourself pre-approved. This process helps you determine the maximum loan amount and loan program you will qualify for. I'd be happy to help you. Just reach out. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Licensed in AZ, CA, GA, IL, OR & WA... In fact, NEXA is licensed in all states except MA and NY and we are pending approval in VA, so give us a call. ~ www.ApplyYes.com 480-889-9000.
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