0
Can you get approved for a 130000 house with a 623 credit score and 30000 annual income?
Wiki User
∙ 9y ago
Probably not. It may be possible if you qualify for any FHA loan. Your credit score isn't horrible, but your income is very low. You would have to have a very large down payment to offset the cost of the house. The bank needs to know that you'll be able to make your payments.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
Is your annual income shown on a credit report?
No.
Could you get approved for a 300K dollar home loan if you have a beacon score of 703 an annual income of 58K and 10K personal debt?
I certainly don't see why not, of course there'd be more information needed to qualify you. Your income seems in line and your credit is excellent.
What can you get approved with a credit score of 642?
just about anything depending on your income thats my issue. i get approved for a lot because i make 3 to 4 thousand a month so it just depends on your income
What is the likelihood of being approved for a 237000 mortgage with a credit score of 735 and a yearly income of 61000?
I believe the likelihood is very good - your credit score is very good and your income in good - it also depends on how much debt you have - like credit cards etc....
Can you get approved for 36000 loan for a car with a credit score 650?
Probably, it depends on your income and your debt load. (Whether or not you budget for it) and whether or not you have had other high credit lines.
Is your annual income shown on a credit report?
No.
Could you get approved for a 300K dollar home loan if you have a beacon score of 703 an annual income of 58K and 10K personal debt?
I certainly don't see why not, of course there'd be more information needed to qualify you. Your income seems in line and your credit is excellent.
What can you get approved with a credit score of 642?
just about anything depending on your income thats my issue. i get approved for a lot because i make 3 to 4 thousand a month so it just depends on your income
How much income do you need to get child tax credit?
In the UK Child Tax Credit can be paid to a family with an annual income below £58,000. The highest rate is paid to low income families with an annual family income below £16,040.In the US Child Tax Credit is available to tax payers and reduces the amount of total tax paid. Details are covered by IRS form 8812.. For married couples the credit is reduced for an adjusted gross income (AGI) above $110,000 ($55,000 if filing separately), or $75,000 for a single parent household. Low income families can claim Additional Tax Credit which will pay the credit even if the recipient does not owe any tax.
What is the likelihood of being approved for a 237000 mortgage with a credit score of 735 and a yearly income of 61000?
I believe the likelihood is very good - your credit score is very good and your income in good - it also depends on how much debt you have - like credit cards etc....
Can you get approved for 36000 loan for a car with a credit score 650?
Probably, it depends on your income and your debt load. (Whether or not you budget for it) and whether or not you have had other high credit lines.
Improving Your Chance of Approval?
Getting your loan finance application approved can be difficult. Consumers need to realize that they must have good credit in order to have their application approved. Borrowers who have a history of making on time payments, remain within their credit limits and have a long positive credit history have a better chance of being approved. Also, having a steady source of income as well as a positive history of employment can help your credit application to be approved.
Is there a federal law requiring your annual income on credit application?
No, there is no federal law that specifically requires disclosure of annual income on credit applications. However, lenders typically request this information to assess creditworthiness and determine the borrower's ability to repay the loan. It is common practice for lenders to ask for details about income, employment, and financial information on credit applications.
What credit score do you need to be approved for a fast loan?
A credit score is not the only requirement for a fast loan! You will also need to show proof of a stable income. If you meet this criteria, a credit score in the 700-800's is ideal. Credit scores in the upper 600's are often readily approved with proof of job.
What is the definition of Annual Household Income on credit card applications?
If you are applying (non-married) it means your approximate yearly income. If married add your spouses income to that total (if getting a card for spouse as well that is)
Where can someone apply for credit card application?
There are several options for applying a credit card. One can find credit card applications at the bank, mail or internet. Credit card companies require a proof of income before being approved for credit.
How do you calculate our annual income?
i am not good in maths, but generally we can calculate annual income by multiplying our monthly income by 12.. as if know how much is our monthly income.. similarly by multiplying, we can find annual income on behalf of weekly income, or daily income or even on hourly income...
