Bad Credit Agency

Can I get a home loan, Bad credit from a bad marriage..?

My credit is absolute crap from my former marriage (wife spending caused me extreme financial burden). When I say crap I mean bottom of the barrel. I work from home and make between 5-7k a month. I want to move from California and relocate to GA where the housing is very cheap compared to here. I can easily afford a 500/mo mortgage on my income... But could I even get a loan despite my horrible credit? If so how much down would it take to get the loan?

Public Comments

1. First talk with a lender who may be able to separate your debt from your ex-spouse's debt. $500 a month in Georgia (especially Atlanta area) will get you a lot less than NC. And you're probably not including taxes and insurance on that $500 guestimate. Depending on exactly where your scores are, you may have to pay 25% down or more. What's the rush? Take a year to repair your credit, if needed. Just avoid bankruptcy at all costs.
2. From Unit loanhouse. am Mr Jude i ofer loan for at low as 3% rate chap with no up front fee because that is were rcams are and so if you are in need of loan contact our ceo for your loan MR JUDE THANKS FROM UNIT LOANHOUSE
3. Depends on your income and other outstanding debt, stated income loans have dwindled, Credit Score is not all they look at, must meet minimum debt service ratios. And they look your job history I found interesting information about your answer: THE BEST HOME LOANS & options here. http://all-debt-consolidation-loan.blogspot.com/2007/08/home-loans.html
4. You would likely need 35% down without a co-signor unless you may be eligible for an FHA loan. You really should ask a competent broker. I suggest Hometown Banc Corp. My mom used them. They may be your best opportunity for someone to say yes. If your credit does not measure up, they don’t simply “forget to call you back.” They help you get into a credit repair program you can afford regardless of income. Check out the free evaluation form at www.totaldebtsolutionsllc.com and a Hometown loan officer will contact you .