Mortgage home loan question?
Myself, my wife and my father want to purchase a home together. We all live together. We found a house for 200k that we want to buy. Will we Qualify for the mortgage. My wife and I have credit scores in the 795 – 810 range and my fathers is 675. Our combined income is 50k. We need to list my father as his income is stable and I am self employed and cant list my income at all. My wife makes half of the 50k. Both there income is 10yr history and stable. We are putting 50k down on the 200k house. But I am worried with his credit being 675. Also could we go FHA even though Me and my wife aren’t first time home buyers but he is? Will 675 be high interest even with are high scores.