What do i do to score this job?

What kind of apr can I expect with a credit score of 670, down payment of $7000,1 yr on job making 42K?

• Hi I'm planning on buying a condo or a house after being on my new job for a yr and so I've been looking around at real estate in eastern Va to get an idea of how much money I'll be spending. I'm wondering what kind of apr I'll be looking at with a credit score of 670, a down payment somewhere between 5,000 - 7,000, and an income of 42K. Also how can I work on improving my credit score in a yr? What monthly payment should I consider affordable?

• Answer:

  If it's your first time, you qualify for the first-time buyer credit (on your tax form). That's $8000 cash you don't have to pay back. If your credit is approved, you can claim "exempt" on your W-4 right now and stop taxes from coming out of your check. That will build up your down payment. (Make sure you qualify for the credit first. You can go to www.irs.gov to find out how to qualify. The site has a search function at the top.)