al Situation- Please humor me :)
10-07-2012 10:33 AM
Your biggest hurdle in my opinon will be your employment even though you have been in the same field for 10 years, that 3 year unemployed break may throw up some red flags. If at all possible I would probably wait until you have 2 years of steady employment before applying, but you can speak to the lenders and or brokers in your area and get their opinions. Income is okay just a little borderline on the value of home you are seeking. The late payments will age more and should be less of an issue but once again will depend on what type of loan you are seeking and the underwriter.
May all your dreams and wishes become a reality!