new job/old one is going under,need mortgage in MI, fair credit,0 down, have 3K/closing/ whats the chances?
I have found a house that we like(first time buyer). Wife can’t be on loan, she had foreclosure prior to marriage last year(lost her job),back in college. We moved back to her home town, so I took a job with co and they are in trouble(many layoffs). I have a chance for a new job offer but credit is only hittting 600 (all clean,had slow pmnts due to layoff last yr at this job). We only have a few thou to wrk with and would arbor mtg be a place to get decent loan? Fannie mae? help here plz. We have to move soon in 90 days and don’t want to get in the rent merry go round. that saps your savings and you can’t have pets(have 2dogs/ cats) I don’t want to get rid of pets wife would be devastated. We found a house that has great backyard and space for family. we are worried about losing any$ for appraisal and it falling thru due to all the foreclosures around area (house is only 60000)/ needs minor repairs. What would be a decent offer/on busy street/older neighborhood/ some urban blight