Feb
01
Help Available To Purchase Home For Those On Unemployment?
ByAnyone know if any government help is available to people on unemployment to help in the purchase of a home. Possibly with this stimulus package?All types of help is available to help you stay in your home, to avoid foreclosure, but is there any help for those of us who have already lost our home?
7 Comments
February 1st, 2010 at 5:25 pm
uh…first rule of a mortgage lender is that you be gainfully employed.
Till then….not happening under any plans.
February 1st, 2010 at 11:54 pm
Your credit is ruined after foreclosure. It will be near to impossible to get a mortgage loan approve to you even you have 20% down. Did you file for bankruptcy? If you did, then in 7 years you can’t own any property. If not yet, the bank can go after you for the remaining balance of the money you owe. I suggest you go find a job and rent a place until your credit reestablish again in 7 to 10 years.
February 2nd, 2010 at 1:23 am
In order to get a loan you’d need to show gainful employment OR have loads of money in the bank, so sorry. Why do you want a house if you cant pay for it?
February 2nd, 2010 at 5:35 am
You need money down and enough regular income to cover the mortgage (doesn’t meany you have a job, just have to have enough regular income).
February 2nd, 2010 at 10:45 am
No. You cannot afford to own your own home unless you have a 20% down payment and a job.
February 2nd, 2010 at 11:21 am
WTF. You have got to be kidding.
February 2nd, 2010 at 5:27 pm
Are you serious? LOL