Sorry to impose upon this conversation, but what you are talking about applies to my current situation.I am in the process of purchasing a home despite the fact that my current financial situation isn’t the most ideal.
My dilemma now in the process is that the high property taxes have thrown my income to debt ration out of the required guidelines for the loan.How do I report that I will be having a roommate who will be paying half the mortgage as well as parents and family members that will assist in paying of my bills.What is there that can be done to show that the money will be there to pay the mortgage?
I don’t know what I would have for a payment history because there isn’t a 2nd income and I don’t have any saved. But I do have a VA loan I can get. I have my car payment but it’s not reported to the credit bureau and nothing else is reported to the credit bureau. What else is there? Just curious.