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Can you get a loan for a house with an automobile repossession on your credit?
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You can get a loan but your interest rate is going to be high. You would need to check with a few different mortgage companies and shop around for the best rate since I’m sure your credit score isn’t great…
give this a try
http://www.wesayes.com
Sure you can.
But be ready to have a high interest rate and have to put a large amount of money down.
After you have made 18-24 payments as agreed and shown that you are going to make the payments, you can refinance and get a lower rate.
In general the answer is yes.
The question needs to be seen in the context of your total credit picture.
The answer needs to include the fact you may not qualify for the best interest rates.
For a total answer other factors need to be considered.
Was it an involuntary repo or voluntary?
Did you satisfy any deficiency balance that remained after the repossession?
What is your total credit score?
Your scenario is too vague to give a proper answer. There are some loan programs that are available to persons with various types of repossessions on their credit. It will depend on the circumstances surrounding the repo and what has been done since the repo occurred. If there is still an outstanding balance due, if arrangements to pay have made and kept, all play a vital part in determining whether or not you will be able to purchase a home as does wether you have enough capital for a down payment. The length of time that has passed also makes a difference. Consult a Mortgage Broker in your area for more information. They can tell you if there are any loan programs that are available that will meet your credit criteria and how much loan to value you would receive.
I think you probably can, but there are other variables involved, such as your credit score & your income. This site might have some helpful information for you on this. http://loan.divinfo.com/ Good luck!