Posts Tagged ‘Bottom Of The Barrel’

Can I get a home loan, Bad credit from a bad marriage?

Thursday, June 12th, 2008
home mortgage loan credit
Fancy Mc Pants asked:


My credit is absolute crap from my former marriage (wife spending caused me extreme financial burden). When I say crap I mean bottom of the barrel.

I work from home and make between 5-7k a month. I want to move from California and relocate to GA where the housing is very cheap compared to here. I can easily afford a 500/mo mortgage on my income… But could I even get a loan despite my horrible credit? If so how much down would it take to get the loan?

Andrea