Help! Home loan, can I even get one?
We need a house asap. We are looking at a cheap one, $ 22,000. First time home buyers (hopefully) in the state of PA, so any info on those type of programs would be good. I know I can’t go through a bank, it would have to be one of those rip-off mortgage brokers. But anyway check out our situation:
We only make about $ 22,000 a year. We owe ALOT! We owe about $ 20,000 in credit cards/vehicle loan. My fiance has good credit and he makes the most money. I have poor credit with hospital bills, 2 credit card settlements, and 2 utility bill collections from very recently (past 6 months) on my report. So I guess $ 22,000 GROSS a year broken down monthly would be about $ 1800 GROSS. Monthly we pay out $ 600 a month between loan and credit cards. Is there any hope for us at all? I am so desperate.
Purchase price is: $ 22k
taxes $ 902 a year
estimated insurance: about $ 350 (correct me if i’m wrong)
we have no money for a down payment.