How difficult is it to get a home mortgage loan?

I am looking to get a loan for a modular home and a piece of land. We would need about 250,000. My husband claimed bankruptcy in 2001 before we were married. I have good credit and make close to $60,000. However, I do have a few credit cards and a student loan to pay. He makes about 35,000, has limited credit cards and a car loan. For the most part we both pay our bills on time. Do you think the bank will even consider giving us a loan?How difficult is it to get a home mortgage loan?
Please take care - there are scammers on Y!A who actively seek out questions like yours and then offer loans but are scammers





Here are some tips for determining whether a loan is legitimate or a scam:


1) They don't use a free email address (yahoo, gmail, hotmail, etc)


2) They have a secure website you can go to to fill out their application (and no excuses about it being down at the moment)


3) They don't require ANY fees upfront (regardless of whatever excuse they use). Any fees will come out of proceeds of the loan (scammers want their fees via Western Union or Moneygram)


4) They have a REAL address (check it in the yellow pages) you can send mail to


5) They have a REAL phone number, not a cell phone





Often if you click on their profile you will find it is created in the last 24 hours - why? Because they are reported, profile closed down, but they simply create a new profile and start up again





Save yourself another headache and avoid them like the plague. The one from Lucky C (Rev. Peter White) above my post is a prime example of what I mean.... do not go anywhere near it.How difficult is it to get a home mortgage loan?
So you think that you're ready to buy your own home? Hopefully you've done a little research online to make your first home buying experience a good one. First of all you should contact a mortgage broker that will preapprove you for your new mortgage. This is now more important than ever%26lt;!--It's also important that once you receive a preapproval you get busy right away looking for your new home. The reasoning for this is that with the mortgage meltdown lenders are changing their lending programs as quickly as Paris Hilton changes her boyfriends. Scary, huh?





http://mortgages-finance.awardspace.com/First-Time-Home-Buyers-Loans.htm





http://badcreditloans.awardspace.com/





At this point you will let the mortgage broker now how much you would like to get preapproved for. The broker will then take a full mortgage--%26gt;loan application. The mortgage broker will also run your credit. With all this information in hand the mortgage broker will see if you have enough income for the price of the home that you would like to purchase.