VA mortgage – Upstate NY

QuestionsVA mortgage – Upstate NY
Doug McCaughey asked 5 years ago

Looking to get pre approval and VA mortgage in 2-3 months.

 

1. Mortgage Credit Scores: 
 

    • FIco mortgage score is 730,738 and 750 

    2. Credit Negatives: If you have any, what negatives are on your credit reports. For each negative, please provide:

      • None
      • Miscellaneous
      • Most recent account is will be 8 months old at time of applciation
      • AAOA is 4 years, oldest account is 8

      3. Gross Income. 92K

       
      4. Source of income.
        • Salary W2 71K base
        • VA disability (1447.71/month) Grossed up is 21K

        5. Monthly debt payments

          • I have a decent amount of Debt.
            • CC balance of around 7k – min is 150/Month
            • Personal loan 515/month at a  20 k balance
            • Vehicle 414/month
            • Student loans: 360/month  60K balance
        • Total of $ 1440/Month
        • 6. Employment (for those who are employed). 

            • Type of employment: Full time
            • How long 3
            • How long 3 years in industry – first job out of school

            7. Assets/Reserves

              • Savings 5k
              • Checking 3k
              • 401k 20k
              • IRA 3k

              8. Location: 

                • State NY
                • County(s) Erie
                • Buffalo

                9. Property Description: 

                 single family house or Condo 
                 
                10. Property Value

                  • I dont know how much I qualify for based on Debt???

                  11. Occupancy

                    • Primary residence
                    12. Transaction Type.  Is it a purchase
                     
                     
                    Couple Questions – any lender recommendations in Buffalo.NY area
                    How much house can I qualify for with VA loan….Max DTI??
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