Is it possible for a single person to qualify for a mortgage?
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Martial status is not one of the qualifying factors, many single people own homes. I am single and own a few. The question does not even come up with mortgage companies.
Is it possible for a single person to qualify for a mortgage?You absolutely can. It will solely be based around your income so I'd attempt to calculate your debt ratios. Lenders prefer this to be at least under 30%, preferably under 25%. You can do this by adding up all your minimum monthly payments from your credit cards, loans, and anything else on your credit report. Then divide this by your monthly untaxed income. If the result is .25 or lower you have a great chance of qualifying. Other factors will also play a role, income, employment history and of course the higher the credit score the better. Good luck.
Is it possible for a single person to qualify for a mortgage?Marital status has nothing to do with your qualifying for a mortgage.
If you make enough money and have good credit, you will be able to purchase a house.
Hope this helps.
Terry S.
http://www.Welcome2Arizona.com
Is it possible for a single person to qualify for a mortgage?Sure it's possible. I'm single, bought my home and finished paying for it this past July.
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