Can I get a USDA home loan in PA even though I am paying off a credit card with a payment plan?

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I still owe about $1500 on the card. I have an appointment with a bank Thursday to see if I get pre-approved but I’m nervous that the one card will hold me back.

3 comments to Can I get a USDA home loan in PA even though I am paying off a credit card with a payment plan?

  • Gaytheist Buddha  says:

    USDA loans have more flexible credit requirements than traditional mortgages. You must meet eligibility requirements (the most important being that you live in a rural area). Contact your lender for details.

    Good luck!

  • Kate  says:

    When applying for a home loan your credit report will be reviewed and you may be required to provide a number of other details, including: Employment and income records, Tax Returns for the last few years List of assets, List of liabilities and what you owe, Your budget showing monthly living expenses so that you can demonstrate an ability to pay.

    http://www.worldbestloans.com/

    With this information you and your lender will be able to determine the kind of home loan and size of the right mortgage for you. In some cases, you can obtain a pre-approval or pre-qualified certificate, which shows how much you can borrow so that you can then shop for homes in an appropriate price range.

  • Jena  says:

    Check the site thoroughly. It’s an excellent site with some wonderful options for you. It will definitely help you. Have a look.

    http://best-online-loans.info/homeloans.html

    http://loan--house.blogspot.com/2008/04/rent-apartment-with-bad-credit.html

    Good Luck…

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