My husband and I want to buy the house we are renting?? Help?

My husband has a job but his credit score is not good from many Doctor/hospital bills. I dont have a job because i stay home with my kids and babysit for extra money. The people we are renting from want us to buy the house. we have been renting going on 5 years now and there ready to sell it. So is it possible for

My husband has a job but his credit score is not good from many Doctor/hospital bills. I dont have a job because i stay home with my kids and babysit for extra money. The people we are renting from want us to buy the house. we have been renting going on 5 years now and there ready to sell it. So is it possible for us to buy the house since i dont have a job and he dose??

Other answer:

Whitney:
If the home owner will sell to you, do you have a down payment and money for
the closing costs and legal fees? You would not be eligible for a mortgage loan
from any bank or trust. How would you be able to make payments to the owners
and pay all the property taxes,utilities, insurance and maintenance?
Greg:
Yes, if you have the cash, or enough cash for a down payment and somebody, perhaps the owners, are willing to grant you a mortgage. When you talked to a bank with the specifics of this deal what did they say?

Am I going to enjoy my breakfast tomorrow?

Barkley:
It may be possible if the owner is willing to finance the purchase and your husband (who has been paying rent for five years) can prove he has the ability to make payments .
Judy:
Are the owners willing to finance it for you? Tht would be one way. Whether you could get a mortgage from a regulr lender depends on how bad his score is. good luck
Elaine M:
If you are a first time home buyer, you have some good options. WHEDA loans are available for you, contact them about this first. If you or your husband is veteran, thre are VA loans available for you too.

When I bought my house this site here was EXTREMELY helpful. https://publications.usa.gov/USAPubs.php…

Maxi:
You need to go and find out what amount you could borrow on a mortgage loan, which is generally x3 your annual income
tro:
if you can work out a sale with them, a seller financed sale, maybe you can but you won't get a mortgage from any lender to buy it
Pascal the Gambler:
With bad credit, probably not. How much does he make, what is the sale price of the house?
sunshine_mel:
Do you have a deposit?
Your mortgage options will depend on your income and credit scores
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