Home Buying in Charlotte>Question Details

L H, Home Buyer in Charlotte, NC

Can we buy a home in Charlotte, north carolina .?

Asked by L H, Charlotte, NC Mon Jan 20, 2014

My husband and I are first time home buyers. He works & I stay at home with our child. He makes a salary of $40,000 a yr. His fico is 646 my is 630. His Chapter 7 bankruptcy will be discharged 2 years on 02/14/2014. He has worked in his field full time for 9 yrs. We pay $855 in rent.

Help the community by answering this question:


On the service, it sounds like you should be able to purchase a home. I would recommend speaking with a Lender. I can recommend a few good lenders if you'd like. Please give me a call or visit our website, http://www.PropertiesinCharlotte.com.


Debbie Arriero
Serving the Charlotte area since 1990
Licensed in North & South Carolina

Arriero Realty, Inc.
P.O. Box 77283
Charlotte, NC 28271
Office: 704-451-3895
Fax: 704-321-2403
1 vote Thank Flag Link Mon Jan 20, 2014
There are other factors that need to be considered in which a Mortgage Lender can answer for you . If you would like I can set up an appointment for you to meet with a Lender at which time you will review your credit report and address any issues that may impede your ability to become a New Home owner. You and I and the Lender would then work as a team . For example we may need to improve your score, decrease your debt , establish credit, dispute items on your report with credit bureaus, and so, but we cannot know for sure until we analyze your credit reports.

So, give me a call when you are ready and lets work together to make your dream of being a home owner a reality.

Natalie Bingham/Broker/Realtor
1 vote Thank Flag Link Mon Jan 20, 2014
Hi L H. Having worked in the mortgage business for 15 years prior to selling real estate, I've seen this scenario many times. Some lenders will look at the credit you may have re-established since the BK, some will look only at your credit score assuming you have a minimum number of accounts reporting on the credit bureau. I have numerous contacts, having been in that world for so long, and would be more than happy to help you navigate your scenario and try to help you get in a home. Feel free to call me at 704.904.8966, email me at Brian@CasperRealtyGroup.com, or visit my website at http://www.CasperRealtyGroup.com. Take care!
1 vote Thank Flag Link Mon Jan 20, 2014
If you are current on all your payments like rent,health .utilities etc and not in debt ----chances are good for you to own a home.
Can connect you to some great local lenders who can work with you and make it possible for you.
Still interested contact Veena @ 704-241-2533
1 vote Thank Flag Link Mon Jan 20, 2014
Looks good so far.... now any debts that you pay monthly.(car, charge cards, etc. go into the ratio and what you can borrow. FHA would allow a loan with the right qualifications. I have a couple lenders that I work with all the time. They can tell you more in about 15 minutes. Just let me know how I can help.
Thanks for your interest,

Ellis Group Realty, Inc.
Candace Ellis
Broker in Charge
Let 29 years experience work for YOU!
NC & SC license
1 vote Thank Flag Link Mon Jan 20, 2014
Hi L H!

Your best bet would be to talk to a mortgage lender. If you need a recommendation, I've got some great ones that could probably help!

Let me know if you'd like more information!

John Siddons
1 vote Thank Flag Link Mon Jan 20, 2014

Based on the information you have provided you might be able to purchase a home with that information. The general basis for qualifying for a mortgage is you have to be two years removed from the discharge date. Some lenders can require additional time but I use a lender that does not. His credit score is fine and job stability is good.

Depending on what you are looking for in a monthly payment will depend on how much you can borrow. The other variable is you CANNOT have any lates or missed payments post bankruptcy. Your credit needs to be squeaky clean since the bankruptcy discharged date.

I would love the opportunity to help you find a home. But I recommend you talk to a mortgage broker first. The one I recommend is Chris Ayer. His cell number is 704-839-1448. You can reach him pretty much anytime and just let him know I referred you and I will have given him this information up front already...

Dave diCecco
Helen Adams Realty
Cell: 704-519-7895
1 vote Thank Flag Link Mon Jan 20, 2014
I have one of the best lenders that specialize in this field and she has worked wonders. I can get you in contact with her if you would like for her to run a free pre-approval for you. In the mean time please feel free to use my website if you are not currently signed with another broker and I can help you search for your first home. I have just recently helped two other couple have their first home be a new construction in which the builder helps with the closing costs and so does my lender!!!! This saves you out of pocket expenses which is always a great thing for my buyers. Give me a call or text me for more details.

Homes in Ballantyne - http://www.unioncountyhomes4sale.com/community/area/Ballantyne/
Waxhaw - http://www.unioncountyhomes4sale.com/community/area/Waxhaw/

you can also use my other website and do your own search - http://janicemaynard.yourkwagent.com/

I look forward to hopefully helping you with your search. I am usually available from 7-7 so give me a call or send me an email.

Thank you for this opportunity to serve you, I realize you have a choice of Real Estate Brokers, so I truly appreciate your business.

Your dedicated Real Estate Broker,

Janice Maynard
Broker/REALTOR, Serving NC and SC
Keller Williams Ballantyne
704-641-0626 Cell/Text
0 votes Thank Flag Link Fri Jan 24, 2014
Thank you everyone we will talk to a lender first.
0 votes Thank Flag Link Fri Jan 24, 2014
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