Desperate First time home buyer
My husband just (4 months ago) accepted a job offer that was sort of last minute. Puy is better and has great benefits. Credit score 672 2 credit cards w/ balances totaling $1800 1 personal loan W/ 1800 balance (we do have the money to pay this off NOW though) 2 cars- 1 has 2 years and the other we got 2 months ago due to his truck was eating us up gas wise. We have not been late on ANYTHING in 2 years and 5 months Here is our problem, his new job means we have to relocate 2 and a half hours away. He is there living in a camper in an RV park and me and kids are still here till we can buy a house there to move. Owning is cheaper then renting. We found a house and came to an agreement with seller $91000 they pay closing costs. BUT we were denied a loan because the new car loan is only 2 months old and i assume his short 4 months on the new job time. We dont have down payment money. So is there anything we can do? Living in 2 places has started to put a strain on things and now there is very little saving. This home is the only affordable ( to us) one in a good school districe. I am afraid that if somthing doesnt happen soon we will not be able to get it and be stuck living apart or trying to buy a house that costs more and we are not comfortable doing that. Any advice would be great. Oh and i am a stay at home mom so the loan would be in his name only.
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(Source: mortgagefit.com)
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