Where the best place to get a home loan for first time home buyers?

Now none the less my husband had a bank rucptcy about 3 years ago but he got a loan for a car right after thats but his credit is less then perfect right now and he%26#039;s the sole provider of the family i say at home going to college and taking care of our two year old son. where would be the best place to try to get a home loan from?

Where the best place to get a home loan for first time home buyers?

FHA loans. Right now it%26#039;s pretty tough with out a downpayment when you have less than stellar credit

Where the best place to get a home loan for first time home buyers?

i was a 1st time homebuyer and we met with a mortgage broker that we met through our real estate agent. we went FHA. you do need a 3% down payment on FHA. because of the high foreclosure rates FHA is working with more people and trying harder to get more people into houses so a bankruptcy isn%26#039;t necessarily the kiss of death for a mortgage. you should meet with a broker who can better assist you! best wishes

Where the best place to get a home loan for first time home buyers?

Which state do you live in?i can help you add some more info so i can inform you of where is a good place to start. But to be honest with bad credit and just one income i am guessing it is going to be very hard to get approved. even the FHA loans require somewhat good credit.

Where the best place to get a home loan for first time home buyers?

Let me give you a great piece of advice... SHOP, SHOP, SHOP around before borrowing money on a house. Try your bank first, they will have a good lead for you and might even do the loan. Mortgage brokers are interested in one thing, that is the sale... So be very leary of them. I am with Chase, very pleased and have a good rate. Another good piece of advice is make sure you get a LOCKED in interest rate. If you don%26#039;t your payments can adjust every few months without warning and you could go from a 1,200 a month note to a 2,000 one in a heartbeat. Also, make sure you get your homeowners insurance and property taxes to be added into your loan in an escrow account. That way you have them paid for each month and you wont have to worry about that big bill once a year. And finally, If you do get a mortgage, pay the monthly bill according to your payday. So if you get paid every other week, pay half the mortgage each payday. It is much easier to pay half on payday, than to pay the whole thing once a month. If you do the math on this method, you will have paid one extra payment a year, and this knocks off a whole lot of interest. I think you need to be concerned with your husband%26#039;s past credit history considering that you are in school right now and you have children, but you never know till you try. Pre-qualify and see if you should start house hunting......Best wishes

Where the best place to get a home loan for first time home buyers?

You might have a hard time here. Lenders want two years of seasoning on the BK, but it depends on what %26quot;less than perfect%26quot; is. If his credit has been improving, you may be able to get a loan or one that isn%26#039;t based on FICO scores.

Talk to a local lender about programs in your area that you may qualify for. There are some great FTHB bond programs and such that internet lenders won%26#039;t have available to you.