We are rebuilding our credit and?

it is a long and slow process. My husband was self employeed for about 5 years, and that ruined our credit. Now we are rebuilding. We found the house of our dreams, way underpriced, but our credit scores suck. How do we get a home loan, we could afford the payments, but we can't find financing. We pay over $1500 a month towards past debt, but..... We want this house and we can afford it, we just don't have good credit. What lender will look at the fact that we have been making an effort and our income?

I've found a few options for you, which I've listed under Sources. The first is a standard service ("when banks compete, you win") that will let you fill out one form and get several competitive quotes from lenders if you qualify. No cost for this one. The second is a similar service that has more of a slant toward sub-par credit scores. Also no cost for this one. The third is for folks with, as they say, "bad credit / horrible credit." They charge a fee up front ($36.95) but it's refundable if they can't find you a lender who will work with you.

Best of luck!

you could try having one of your parents as a co-signer (assuming they have good credit). that will probably encourage the lender to make the loan. otherwise, you could try to put a larger down payment on the house; perhaps borrow money from family/friends for the down payment. or, try consumer credit counseling to consolidate your debts. maybe you will have a smaller monthly payment that way. you could try talking with the real estate agent and seeing which loan companies will work with "less than perfect credit". good luck!