No Down Payment House Loans
Are my chances better for a home loan if i have the down payment?
I just want to buy a little $40,000 house and i have the down payment. My only problem is that i have only one car loan in my name and i’m cosigning. The person i’m signing for has no credit. Are my chances slim to none?
Also, we both have jobs
Well if you have a car loan in your name and it is paid well then your credit should be at least fair! Alot depends on how long you have had the loan too! It is a rough market right now to try and get a loan bout if you have a good job and you have been there for a while then you should be able to get the loan! And yes you will want to have the downpayment plus closing costs!