Monday, September 13, 2010

What is an estimated rate we might qualify for on a mortgage?

Hi I was wondering if anyone might know (or had simular issues) what an estimated mortgage rate would be for us. We would pre-qualify, but we are trying to keep our credit inquiries down as we will (hopefully) be looking to buy in the next year. Here is our situation:



* Married first time home buyers. Median FICO's of 568 and 571

* I filed Bankruptcy 2 years ago. My Husband has not filed bankruptcy before.

* I have been in the same field for 6 years.

*Husband has been a full time student.

*We and have paid off all outstanding debts except one car payment of $350 and a student loan of $100 per month both with excellent payment history.

*Our approx gross income is $65,000/year.

*We have $5,000-$10,000 for downpayment.

*Neither of us have a current rental history as my company takes care of our living arrangements (medical traveler).



Any suggestions or thoughts? Thank you