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Lmm024

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Is it unheard of to buy a car and house within a couple months time!?
I need to buy my car or re lease a new one. I have a 630 credit score . I need to see if i can get a house just a couple months after. Will this be possible or will the car situation make the house a no go!?

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I dont advise you to do both together...start with your home. Having a big loan out for a car and then trying to get approved for a home loan looks very risky to lenders. Wait until you close on your home and after about 6 months of mortgage payments you can start your car shopping. We cant live in our cars right? So go for the home first. Good luck with everything!

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DO NOT apply for any loans prior to going for a mortgage. The score you provided is not going to be in your favor. You should check your FICO scores as most lenders use a version of them. Don't screw up your chance at getting a mortgage by financing a car. Please do some reading on all of this and see what you can do to improve your chances for the mortgage loan. Also remember, more will go into a mortgage than just credit scores.

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Lmm024

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I currently have a lease on my car.  I have to go in next month and either re lease a car or purchase this one.  I want to move in June, and was not sure if a mortgage would be an option with a new car situation.   I have to have a car , so I guess a mortgage will have to wait.  (I currently rent ).

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