Need advice for an FHA mortgage. First time buyer
Hello all,
I have a situation and need some advice. There are a couple of moving parts so please bear with me.
1st, I have poor credit. My fico scores are 594, 606 and 619.
2nd, I am working on a flip right now and expect to profit about 50k once it sells. It will be hitting the market in about 2 weeks and should sell fast.
3rd, I have about 20k in total debt (19k car loan and 1k bad debt). I intend on paying g these off from my flip.
4th, my income is a base pay of 42k per year plus bonuses and overtime.
Now, here is my question. Given all of the above information, are there any loan officers or experienced buyers here that can work with me to find a lender for an FHA loan? I know FHA requirements are a 580 score, 3.5% down, and no larger than 4 units. I've called 3 different lenders and all of them require higher credit scores and don't go above 2 units with FHA.
I found a PERFECT triplex in St. Petersburg, Florida that I want to house hack in as my first purchase. The property consists of a 3/1 single family home and 2 1/1 unit duplex.
Can anyone more experienced in banking lend me some advice?
Thank you so much