Yet we cannot find a lender to give us a loan for this home. Thats whats bugging me today. I was in about the about the same boat, but I have student debt and had 10% down. They wouldn't consider my wife's income (or 800 credit score) because her green card wasn't final yet (even though she had a SS#, was here legally, made about as much as I do, and we'd been married 2 weeks when I applied, but green cards take 6-7 months). Long story short, after providing every shred of information to prove that I am a real person, have a real job, have had real jobs for 5 years, AND SETTLED ALL OF THE COLLECTIONS AGAINST MY EX-WIFE which I had co-signed on but were assigned to her by court order when we divorced, we finally got there on the 6th lender, but it fell through 2 days before closing because nobody would give me mortgage insurance (no idea why). So I had to take out a "loan" from my dad which we called a gift to get to 20% down. So then, this loan everyone was too timid to give me, was closed on Oct 22. I just got a letter in the mail today that it has been sold - FOR THE FIFTH TIME! Obviously, nobody was scared of my loan, so I have no idea why it was so hard to get.