Hope this helps!
thanks for your question!
Judy Hutcherson, Broker
Atkinson Real Estate LLC
Unemployment income isn't qualifying income for purposes of paying back a loan so if your husband's income is enough to pay back your proposed purchase loan then you could move forward.
As everyone else has mentioned check with a loan officer to get qualified.
I am in your local area if you want to give me a call or apply securely online.
There are a lot of great programs to help one purchase a home.
I would advise you not to waste your time with the big banks (Suntrust, Wells Fargo, BoA) but rather to find either a local bank, credit union or a company like New American Mortgage to speak with as they will all be easier to work with.
Best of luck in your future home purchase!
In the Triad the housing market is actually still a great place to get a good buy. However, that is changing. Our housing inventory is shrinking. We are presently in Guilford County for single family homes at about 6.5 months worth of inventory. At the worst part of the crash we actually had almost 15 months worth of inventory on hand. If we stay on our present path we will change from a buyer's market to a seller's market and prices of homes will start to rise again. We are already seeing the affects of the inventory since many contract deals are now multiple offer situations. Thereby those sellers are many times getting more then the actual list price for the home.
A lender will qualify you and your husband based on your total income and also looking at your total debt. Then of course your credit score will come into play.
If you have any questions, or need any help feel free to contact me through my profile here on Trulia.
Hope this helps,