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More than likely, you will be able to qualify for an FHA with 3.5% down. They don't focus much on your score versus other items such as your income which seems pretty decent. Good luck.

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Q: Can you get a decent mortgage rate if you make 40k annually with a FICO score of 705 and your spouse makes 50k with Fico score of 550 with paid collections accounts?
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What is a decent amount to pay for a refinance fee?

When you refinance, you pay off your existing mortgage and make a new one. You might even choose to combine a primary mortgage & a second mortgage into a new loan.


What are some FHA mortgage requirements and how does credit affect the amount of loan you are able to get?

Some FHA mortgage requirements are being employed and having a decent credit score. Your credit doesn't affect the amount you can be loaned as much as how much money you make.


How to get mortgage with an adverse credit?

Think of the bad credit mortgage as temporary solution. Make it short term. This does not mean get a short-term loan, but plan on paying the loan no longer than 2 years before you build up your credit enough to get a decent refinance.


Where can one find decent mortgage rates in Chicago?

Try the bank that you normally do business with first. They can often offer better rates to their own customers. If that does not work, then try an independent mortgage broker who deals with several companies. They will search around with the information you give them to find you the best rate available.


What are the advantages of savings accounts?

Savings accounts are the simplest of bank accounts that one can open. They provide us with very high levels of liquidity. Any day any time (when the bank is open), you have the rights to withdraw your money. Because of this, the interest offered by such accounts is very meager. Most banks offer us a rate of interest of around 3.5% to 4% per year. Advantages include savings for your future, easy liquidity and a decent interest rate.

Related questions

What is a decent amount to pay for a refinance fee?

When you refinance, you pay off your existing mortgage and make a new one. You might even choose to combine a primary mortgage & a second mortgage into a new loan.


How can I calculate a mortgage payment?

You can find a good mortgage payment calculator on and decent bank sites. They are easy to use and all automatic so there is very little work involved. Hope this helps.


Is getting East West mortgage a good choice?

East West Mortgage company actually has decent reviews and ratings on the internet. If you wanted to find out more, you could check with the Better Business Bureau.


Can I find a free mortgage calculator on line?

You can find a good mortgage calculator on and decent bank sites. They are easy to use and all automatic so there is very little work involved. Hope this helps.


where is a good place to go for a mortgage calculator?

You should try salemfive.com. It talks about loans as well as a mortgage calculator. If that doesn't work, mortgagecalculator.org is a fairly decent website, but not very good if you're looking for help.


What are some FHA mortgage requirements and how does credit affect the amount of loan you are able to get?

Some FHA mortgage requirements are being employed and having a decent credit score. Your credit doesn't affect the amount you can be loaned as much as how much money you make.


How to get mortgage with an adverse credit?

Think of the bad credit mortgage as temporary solution. Make it short term. This does not mean get a short-term loan, but plan on paying the loan no longer than 2 years before you build up your credit enough to get a decent refinance.


Monthly cost of living in San Diego ca?

If you have a mortgage at today's prices you would need about $6000 a month. If you rented an apartment it would be about $1500 a month for a decent safe one.


Where can one find decent mortgage rates in Chicago?

Try the bank that you normally do business with first. They can often offer better rates to their own customers. If that does not work, then try an independent mortgage broker who deals with several companies. They will search around with the information you give them to find you the best rate available.


How do Chicago mortgage rates compare with the rest of the country's?

"Compared to the rest of the country, Chicago seems to have decent mortgages rates. Unfortunately there doesn't seem to be enough information about this to accurately for an opinion on this subject."


What is the average salary for engineering consultant jobs in the USA?

Engineering consultant jobs generally pay a decent amount, roughly $30,000+, annually and depending on the person and job, you may receive raises and bonuses as well.


Is decent a verb or an adjective?

Decent is an adjective--a decent person