160k is obviously a very good annual income and 780 kicks some serious kittens with 10 percent …um you the man!
I wasn’t saying you couldn’t get financing but as SDR says there are people getting loans just not like they were before..
As far as you saying 600k house not going down to 400k? This has already happened here in OC
I have purchased a home in very nice neighborhood because I want to keep my children in the school district and the price was negotiated into my comfort zone. We settled in the mid 400k area and this is a home that sold for around 700k in 2006. My background is 120k combined, 20 percent and 780ish credit and we had some issues with the reserves. You can ask some of the realtors on here but I had to borrow some money to show a 5 percent reserves after putting down the 20 percent. This is something I wasn’t anticipating you may not as well?
And yes to SD R I bought the foreclosure! I’m not a squatter anymore
Good luck!
