Buying after foreclosure?
Four years after suffering foreclosure I have decided I hate renting and want to buy again. I have found a house that has interested me and due to fear after the foreclosure I want to buy well under my means. The house needs repairs but nothing to awful, the main repair needed is plumbing. The house cost $ 30,000 asking price and I am figuring $ 15,000 in repairs. My income is $ 40,000 a year and have $ 10,000 to put down. Is there a snowball’s chance in hell to get a mortgage loan?