ok i want to by my second house but my first house got put up for auction because i got layed off when i was working for the government but i has only been 4 years and 5 years coming up but i want to no how it is going to effect me getting another home because im tired of living in an apartment … prices on homes have raised high as hell so im wondering do i still only get the downpayment on the home
im living in VA but plan to move to NC i want a low monthly payment maybe 600 to 750 a month
Originally posted 2009-08-30 10:06:46.
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I would talk to a real estate broker. There are some mortgage companies that specialize in “difficult” financing. You might pay a higher interest rate because your paper with be “C” grade.
We would be able to help you for sure. We have certain lenders that help people after foreclsures, BK’s, and many other things. There are even programs where you would not even need a down payment. There are many places you could go to. You need to find a good mortgage broker that really knows what they are doing and see how much you can get pre-approved for and from there you can start your search for a house. Good Luck!!
Depending on your credit score and debt to income ratio you may be able to get 100% financing. What state are you in?
Depending on your credit history after your foreclosure, you may not have to put down any money on a new home. I put people into homes all the time with 0% down, and with most of the closing costs paid for by the seller. Let me know if you need my services.