Home Buying Process Episode 2 Mortgage Lending 101

Unless you have a boatload of cash under your mattress, buying a home usually costs more money than you currently have. First, you’ll need a competitively-priced loan.


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3 Responses

  1. Hi Scott:There’s no specific minimum loan amount that we have. It’s on a case-by-case basis. One thing to keep in mind though is that we only do co-op loans in New York State and only in areas where co-ops are common.Thanks,Kevin Graham

  2. Hi, my wife and I are first time home buyers. We have decent credit scores (above 680) no late or delinquent payments on anything we have. However I dont have 2 years work history at my job and was actually out of work a few months ago but my wife does have 3 years at her current employer. My concern is the DTI. Would my debts have to be factored in even if I do not want to be on the loan? Also are there any special loan programs availiable with QL for first time home buyers?

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