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need financial assitance for home loan

God's Helper started this conversation
Sep 10, 2007

I am a disabled person on disibilty social security. I currently live in a mobile home. I am a very compassionate person. My current household consists of a disabled friend with no income. He's tried to get disability social security for the past four years. He keeps getting denied. If my friend didn't live with me. He and his dog would be living out on the street. My friend has lived with me for the past four and a half years with no income this whole time.

My daughter with her five month old baby is living with me too. The father of the baby doesn't help finacially either. My daughter also has no income. She is not able to work because of health problems.

My oldest son soon will be moving back home so that he can continue his educatin. So, he will only be working part time.

In nine months or less I could be having another son and his pregnant girlfriend living with me.

Being my income is only $1118.00 a month my mobile home payment and park lot rent is $600 a month. Of, course my credit report and score is in the gutter. How am I suppose to get a home loan with bad credit and low income? I live in Barry County, Michigan.  If anybody has helpful solutions to my nightmare please email me at lfahrne@yahoo.com. All informaton will be very much appreciated. Thank you! God Bless You! LFahrne

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charmedmom040607
Jul 8, 2008

I don't know how much this will help in your situation but there is a government loan company that offers monthly subsidy towards your house payment. It is call rural development usda. They can be very helpful. Of course they do check your credit but it doesn't have to be perfect and they have different types of loans available. My husband and I went through them and we got a 158,000 4 bedroom 2 bathroom home based on our income limits. Our monthly payments run about 500 per month for this huge house. The government pays about 400 per month on the original house payment which brings it down to 500 for us. If you go to this url link it will give you the local offices in your area. http://www.rurdev.usda.gov/mt/offices.htm I hope this helps and I wish you the best of luck. Your not alone in your struggle. I am 21 with 3 kids due to medical issues and my husband was just injured on the job in oct and has not yet returned to work. We went from him making all the money to me making barely anything. So, I know how ya feel, but if you ever find yourself in trouble with anything money related, utilities/house payments/etc. get on google and type in assistance for whatever issue your having and most of the time you'll find some help in your local area. I have done this several times and have received a lot of help with finances. Best of luck. I'll keep you in my prayers.

reply to charmedmom040607
lfahrne
Jun 9, 2008

It's me again God's Helper, needing information or assistance to purchase a foreclosed home that I need for the homeless people that I house. I am working with a mortgage company. I have some judgements and past utility debts to pay off before I can get a mortgage.

I am trying to find grants that will help me to pay off these debts or information on how to get them legally off from my credit report. Then I will have to find grants for a down payment on my home that I need.

If anybody has any info on this situation please advise me on how I may help myself with this difficult situation. Thank you!

God Bless You all!   Lynne Fahrne 

reply to lfahrne