TUCKnTRUCK
That guy
Interesting. I just purchased a second home and my bank manager looked at all my income verification and other paperwork and promptly said, "Great! I wish everyone had your credit and income level, this makes it so easy. You're sure you don't want a bigger house? LOL." My bank said nothing about requiring 6 months of payments in the bank. You might try another bank, or you might not have that great of credit or other issues. It pays to shop around for the best mortgage deal.
Different banks have different requirements, so I also recommend doing some shopping around.
For reference, wife and I were pre approved for a 375,000 30 yr fixed, no pmi/points. Mortgage on first house is 1800/mo. House hold income 215k/yr at 75hrs a month, 5k credit card debt (just bought new furniture, moving etc)
The joint bank act has been steady at about 1/3 of the annual income, and we prob each have 10 in our individual acts. Wifes fico was near 780, mine 740ish.. But, we elected not to buy in jersey.. 11k+ a year in property tax is just stoopid.. Plus, have you seen the gun laws?
The loans are out there.. Just forts shop around.
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