Would you accept this offer?

That SBA loan will count against you as debt when you get a home loan. The higher your debt to income ratio is the less money they will lend you. Better off to build your credit (small loans that you pay off on time or ahead of schedule, small charge accounts like at a tire store. A LOW limit credit card that you pay down to less than $100 owed each month, and most importantly dont miss or be late with any payments), have very little debt, and a solid and steady income.

 

Thats because you have just barely started making payments... Give it some time. 720 is a pretty good credit score, with a solid $60k income you could qualify for probably about $200k at 3% for 30 years home loan.

 

Reguardless of wether it shows on your credit, there is a payment comimg out of your bank account each month... When you finance for a home the lender will see that on your bank statements.

 

Have you ever asked this question, to someone that can give you the best adive or option? I mean, I would go to someone like Dave Ramsey.

 

It's a buisness loan. It's supposed to be used to expand or start a buisness. Buying a house is not really a buisness, unless you're buying it to flip and should probably be registered as a buisness one way or another too.