I have 720 middle FICO, wife has 690 middle FICO.
We need a $ 285k mortgage to get a home build started. The builder carries the note while building so no draws needed. I just need something that says we are approved to get the home.
We own a home free and clear and it is valued at $ 180k on zillow. We will use all the proceeds towards the new home.
The problem is we make $ 50k a year combined.
Anyone have a creative idea?