Basically, you need to have four items to obtain a mortgage. An acceptable property to buy The general requirements are explained in more detail below. Even if you don't fit the mold exactly, there may still be ways for you to buy a home.
Guidelines are fairly general, and there really is a loan program for everyone.
If you have a low to moderate income and are buying in a metropolitan area, check for City, County, and State bond programs. Many times, they offer below market interest rates, lower down payments and higher qualifying ratios. Stable income means that you can prove you make enough money every year to qualify for the loan. If you are salaried, a lender will use your gross monthly salary to qualify you. Alimony and child support can be to used qualify, but you will probably have to prove that you actually receive the money regularly, not merely that you are entitled to it.