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we are working couple with low income earner, my husband has no good credit can we avail of FHA loan

Husband is working 4 years in the same company with $7.35/hr -40 hrs/week
Wife working 2 jobs - Partime in Hospital at least 2 days/wk 7.25/hr 8hrs/day
   Fulltime as caregiver get paid in cash $360/wk, 5 weekdays
We are currently renting an aprtment, thats why we wanted our own house.
But how can we avail? I have read some about FHA Loan, will they grant us?
ANSWER PLS.
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May 10 2010 - Meridian
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Answers (4)

Did you ever get you home Mamalou55?  I hope so.

If not, it's important that you contact
1. A local lender about mortgage preapproval
2. A local realtor and hire that agent as a buyer's agent.

A local lender can request your credit scores (you need a 620 minimum) and start the pre-approval process that establishes the maximum amount your income and debts can afford.  Interest rates are very low now too.

A good buyer's agent has knowledge about using the Mississippi Home Corporation Downpayment Assistance Program or help you finding a house in a rural area of Lauderdale County or an adjoining county for a Rural Development mortgage. The buyers agent also has a list of properties available.

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July 06 2010
Maybe. It will be all about your credit score. You may not get the kind of home that you dream of, but it will be a start. All of us start with a smaller home, and then move up as our circumstances improve.
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May 11 2010
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THANK YOU so much mam for listening my message, I appreciate it very much, I will talk about this later with my husband, I am at work now & I left my cellphone at home but anyway i cna give u now 601-481-4399 my husband cellphone is 601 4814315. Thanks for quick response.
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May 11 2010
Contact me and I will put you in touch with a good buyer agent who can guide you through the process.  Good luck!
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May 10 2010
 
Related Questions
we are working couple with low income earner, my husband has no good credit can we avail of FHA loan
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Latest answer by Andy Kalinowski
July 06 2010 | 4 answers
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