So my father, aunt and I have purchased a home with a FHA loan, 30 year fix rate. We will be closing the deal this month, June 2014. I am 22 years turning 23 in October and lets say my credit is just starting. My father and I purchased a car a few years ago and we finished paying it, we can say my credit started then. I believe in the last credit check (which was done with the home purchase) I was nearly at 600. I was bout 575, I cant really remember. So this is where my question comes in, will I be able to purchase a car in September? I want to be the only won on this loan. I have 4,000 for a down payment. I have done some reasearch and I dont want the car to cost a dime over 11,000 including government fees ect. So ive been looking at cars around 9k and 10k. Will I qualify? Having the new mortgage open will a dealership work with me? Let me know what you think, thanks!
Read more: Will I be able t get a car loan 2 months after closing a mortgage?
