Wanting to buy a home but have issues....

Can't afford more than $800 a month mortgage payment.
Can barely come up with 5K for a down payment.
Had a bankruptcy discharged about three years ago which included a first and second on a home.
Just started a new job, but within the same profession.
Any ideas?????
  • June 05 2014 - Deer Valley
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Answers (12)

My lender that has helped several folks who were on the edge of qualifying.  Give me a call and I'll put you in touch.
  • July 17 2014
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Profile picture for theGGRE
Before you even start your home-hunting... talk with a reputable lender.  If you are not qualified at the current time, start working towards in improving your credit and then save, save, save!  The sacrifice and hard work will pay off in owning your own home in the future! 
  • July 16 2014
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Profile picture for burncard98
Housing is overpriced.  Unless they let people who shouldn't own homes with bad credit (look in the mirror), prices will drop.

The prices are high because of historically low interest rates.....  wait until those rates rise again.
  • July 16 2014
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You probably have more options than you may currently think. I would recommend first speaking with a lender about your credit history and current financial situation. He or she will be able to set you up with a plan to maximize your opportunities for home ownership. Then, the next step is to find your home! Best wishes in your home search! 
  • June 15 2014
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Hi, I am in the North Valley near Deer Valley if you want to work with someone.  It sounds like you should be good to go to get a loan.  I can get you in touch with my lender and we can get everything going.  If you qualify we would be able to get you 5% down payment assistance,  my office has been getting people into homes for little to no money out of pocket.  So if you are interested I would love to tell you more.
  • June 06 2014
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Have you spoken directly with a lender about your scenario?
  • June 06 2014
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You sound good to go, pending income/assets/credit qualifications! A few good options for you with/without downpayments. Good time to buy, let me know if you do need any assistance. Thanks!
 
  • June 06 2014
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Profile picture for wetdawgs

A good lender will take your income, your debts, down payment and credit scores to evaluate what you would be qualified to purchase.  

While you may be qualified for a mortgage (you've not given enough information to know), a lender will be able to tell you how much you would qualify for.
  • June 05 2014
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Assuming you qualify otherwise, you should look into fha. Sounds.like you exceed the post bankruptcy waiting period. Down payment is 3.5% of purchase price.
  • June 05 2014
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I agree, I work with lenders that in the right circumstance can walk you through the loan process prior to 4 years after a foreclosure.  If it is important that you move now contact me for their information so that you may contact them with your specific situation and see if they can help you.
  • June 05 2014
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 Bkp is normally after 4 years. Suggest you delay your home search til better established

Sam Shueh
  • June 05 2014
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There may be a way for you to get a loan. If you want a one on one free consultant, I'm willing to provide some help.
  • June 05 2014
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