What type or mortgage & what purchase amount would we
qualify for? My wife and I are thinking about purchasing our first home. We are newlyweds so we don't have too much money to use for a down payment ($10,000 max)...My credit score is right around 605 (but paying off credit cards to hopefully raise score) and my wife has absolutely perfect credit (never been late on anything ever); our combined income is approximately $90,000. What types of loans (if any) would we qualify for? What purchase price would be qualify for? How much money would need for a down payment? And what are some estimated monthly mortgage payments? Any advice or input would be greatly appreciated.
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