All Forum Posts by: Ashley Sanchez

Natalie Kolodij PM me so we can connect more!

Natalie Kolodij My DTI was based upon my calculation at 49%. I have no car loan and my cc payment is $125..So i just balance transferred and following my strict payment plan to rid myself of it. Part of my DTI would be taken up by student loan payment. I have 145k so I'm right with her😏😏 I had to put myself on a FRUGAL FRUGAL budget. Not easy when you are not making much. Thanks for your help!

Shaun Weekes Thanks for your analysis! The monthly payment you calculated is around about my extreme max I wanted to afford. Currently I do not have any additional debt such as car payment or personal loan. Thanks god🙏🏾 I couldn't afford to create anything else. Please PM me so we can connect and talk more to help me figure out what I can do realistically! I must admit. You have done more for me that the three mortgage brokers I have talked to. Two of them never even called back. Smh. Looking forward to hearing from you!

Natalie Kolodij I wish I did work in a field for loan forgiveness ,but I dont😏 When I calculated my DTI a month ago with my household expenses I was at 49%. My student loans ARE NOT deferred but I am on an income based plan. I consolidated about 5-6 years ago. Between both loans, I pay $375/month. I am working on paying down my small credit card debt. I do have a second job but it not enough supplemental income for me to count. Geez I swear I would've went to school had I knew the housing market would have been this way. I want to do a buy and hold as my first property to also live in and get out the apartment living with rising rents. So getting a hard money loan wouldn't work for my initial situation. Thanks for your information!

Bianca Harrison hi do they do FHA loans? For low cost down payment

Does anyone have any lender recommendations for single household wanting to qualify for a FHA and rehab loan with student loan debt? It seems that it's difficult for me to get approved. Feel free to connect with me for personal advice or referrals. Just trying to get my first MFR to house hack..

Does anyone have any lender recommendations for single household wanting to qualify for a FHA and rehab loan with student loan debt? It seems that it's difficult for me to get approved. Feel free to connect with me for personal advice or referrals. Just trying to get my first MFR to house hack..

Charlie Fitzgerald So you can't get an FHA loan and a 203k loan for repairs? I was told otherwise. Also, what are you referring to he is correct about?

Recently, spoke with mortgage broke to attempt to qualify for my first MFR to 'househack'/rent. I provided him my general background: Have 140k student loan debt 37 k annual salary Credit score of 700+ He said that with the new rule of considering student loan debt I would not qualify for a mortgage because of him having to consider the payment. I told him I wanted to use the FHA loan to fund a rehab property under 80k and then get a 203k loan for rehab work. I'm truly getting discouraged because of it's not one thing it's another. If is not your DTI is too high, now it's student loan debt. Can some advise if he is correct or if their are other loan avenues or lenders I can consider?

Well, it's really NOT a plus with the increase in rent each year. You can't afford the outrageous increases. At least with a mortgage payment, it's a standard payment.