Last year we applied but were denied because he is commission based and had been on the job one year (the lender required two). Well its been two years and he applied again. He is going on the loan alone because I had my identity stolen. He brings in between $4,800 - 5k a month on his income. His credit is around 650- 680 :/. We dont need to be approved for much because the house we want is only 60k. Im nervous we will be denied :( I am so sick of renting, we could really use some prayers. If my credit wasnt shot from having my identity stolen it would be a no brainer and we would be approved.
Do you guys think there is any chance of us being approved?? Be honest.
debt to income is between 35 & 40%
we want to do a VA backed loan with 0 to 3k down