What are my chances to qualify for a mortgage?
Recently divorced, credit was ruined years when the ex-husband had “difficulties”. I’ve since February 2006, my credit scores raised by TU-614-631, EQ-539-563 and EX-597 to 626th I bought two credit cards and a car loan and pay once for all three since I got it. I paid my rent of $ 800 per hour for the last 12 months. I’m embarrassed (long story) and is looking for a job in this town. I’m not working now, but have a fixed income for child support, alimony and SSI disabled child. I offered the opportunity to buy a house where I spent a lease to own option myself. I have a deposit because of my divorce. I ask for 18-24 months to finance this home, while leasing. The house is $ 91,000. What are my chances for financing today against 12 or 24 months are now dependent on my keeping my balance of payments on my credit card obligations? Any information or advice would be welcome.