My boyfriend and I are looking into buying a house across the country. We make about $45k a year (by hourly) combined. I also make tips/commission but Idk how to verify that so we probably make more than that in reality. I found a house for 50k. My credit score was 640, dropped to 500 after ignoring my student loans. Got it back up to 571 this week. My bfs credit is 498. He has horrible pay.ent history but just paid off his student loans fully. He has "no data" for anything now except a collections for $100 we will call to pay on Monday. First, should he open a credit card to bring his score up? His only offers are prepaid credit cards. He has about 4k in savings. I have 1k. As first time buyers, we'd get the help to cover closing costs. I may be able to get help from family if we needed a little extra for a down payment, but we have 10% already. Problem is when I go thru pre qualification, no lenders come up. Is it my credit, amount of loan or our down payment that's the problem? I'm not sure what to do. Moving across country wont be cheap either. I dont really understand the steps. Is this all hopeless? Will my bank be able to help me find a lender?
Submitted July 13, 2019 at 10:31PM by Bootywhisper https://ift.tt/2jN8deV
