Only way to tell is to contact a local lender and have them run a check against you so they can give you a ball park figure. Remember, you will have to cover some/all of the closing costs and inspections depending on what type of home you go for. Take into account the most minimum they would want down is 5% so take 5% of the purchase price of the home and add quite a bit onto it for closing (usually equal to closing is what I'd estimate if you're putting 5% down). In a 375k home I purchased, my closing costs for the foreclosure were close to 15k (14k and some change). You can also ask your lender of your choosing for the price of the home you're looking to get into in the area you're at -- how much are the closing costs, they will provide you with an estimate.... more
Google Search Realtors near Magnolia, Delaware. Click on any of the hundred that show up and contact them. Be careful on shortsale homes, they come with an added fee "Third party fees". I was trying to submit a bid on a home in Smyrna, DE and they wanted 3% Third Party Fees. Foreclosures do not have those kinds of fees associated with them.
You could always use Trulia's website to set up alerts on homes matching your criteria. As they come on the market, they will email and also alert you on your phone via their mobile app.... more
There are many programs available. Just be sure that you are using a reputable lender who fully explains any and all charges & interest rates. If you have been able to rebuild your credit since your bankruptcy you should not have any problems.
Find a local lender who will sit down in front of you and go over everything- ask around for recommendations and be sure that you are comparing apples to apples when going over different financing options.... more