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| *Loan,banking and credit>>>bad credit mortgage |
Can you still apply for a mortgage, even though you may have bad credit and lost a house in foreclosure? |
for example; if you were in an MVA and you lose your job and house. Can you still apply for a mortgage? And the source of income is social securties disabilty Yes you can, especially under those circumstances. Go with an FHA loan via a good lender like Wells Fargo or a local mortgage bank. They can help you with it. Write a good letter of explanation and include any documents to back it up. As long as you qualify for the payment using you social securtiy + 20% of it, you can buy a home. Also, once you buy the home that you apply for a tax break at the county you live in. People with diabilites get significant discounts on their taxes. Good luck and god bless. Source(s): 25 years experience You can apply all you want but in all honesty the chances of you getting a mortgage without 20% down are probably close to nil. Remember each time you apply your credit score goes down also. You also need to take into consideration you income/debt ratio. Sorry to burst the bubble but would not want you getting into even worse shape by unscrupulous lenders. |
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