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If I filed for bankupcy seven years ago and make 30,000

I'm a single parent and have two children

2007-02-20 13:19:31 · 6 answers · asked by Peacen 3 in Business & Finance Personal Finance

6 answers

You sure can. Contact me if your interested in a prequalification.

2007-02-21 05:48:38 · answer #1 · answered by Phil H 2 · 0 0

Yes. Bankruptcy only count for 7 years anyhow.
Also, you probably wont have much luck with your local bank, they are always too picky. They pick and choose what they want for loans.

But use a mortgage broker, as they can deal with up to 300 different lenders. They will find someone to take you. Also you can usually spend 50% of your gross income for finance payments. So unless you have alot of car loans or other loans you have to pay every month, you have plenty of income to afford a 90,000 house. The payment will probably be like 700-800 a month.

2007-02-20 13:31:51 · answer #2 · answered by mpw814 1 · 0 0

Yes, you can buy the house. Bankruptcy's stay on your credit for seven years only, and lenders basically ignore them after 4 years.
Your toughest requirements will be income, and debt. 30k a year is enough to buy the home as long as you do not owe a whole bunch of money to credit cards or car loans. If you are interested in finding out how much home you can purchase e-mail me and I will be glad to help.

2007-02-20 14:56:12 · answer #3 · answered by Ron B 3 · 0 0

Yes. It very much depends where you live, and also if you have the ability to do rehabilitation of property. I'm selling 'fixer-upper' houses in upstate New York right now for $25K and under.
Many cities in Ohio have houses similarly priced.
As for coming up with a loan, consider asking the seller to offer you 'seller-financing,' in which the seller acts as a bank and collects monthly payments. This way you do not have to be penalized for a previous bankruptcy.
Good luck

2007-02-20 13:29:48 · answer #4 · answered by michaeltaylor0331 2 · 0 0

Yes you buy a house but go toad mortgage broker they have a lot of lenders make your dreams come true and never give up I wish you all the luck in world

2007-02-20 18:51:05 · answer #5 · answered by pattibcacl 6 · 0 0

where can i fine homes in severville tn for under 100,000

2016-05-03 12:33:24 · answer #6 · answered by Rose Kennedy 1 · 0 0

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