How likely can we buy a home with 3-5% down? We are paying off all debt now so we will be at zero debt when we purchase.

This will be our first home. Looking at 3-5 years from now. Right now credit score is poor but all debt will be paid. Household income about $64,000 year.

Asked by Gina_santiago10

1 Answer

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Answered by MoneyTips Writing Staff, Financial Adviser in Los Angeles, CA
Hello,

A lot of things go into determing your interest rate including debt, income, and credit score. Here is a great article from MoneyTips about how to ensure you get the best possible interest rate. You can also use the MoneyTips Credit Manager to monitor your credit score. | 08.22.16 @ 19:38
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$commenter.renderDisplayableName() — {comment} | 12.05.16 @ 04:33
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