Well That Wasn't What I Had Hoped to Hear!

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Because of some blemishes on our credit history, we have been denied a mortgage loan. But, there is hope in the near future for us. So, we have to fix the broken past and hope that we are approved in the near future. The fixes are not huge so it does give me hope. But, because my husband has a huge loan on his truck, the loan for a home would be solely in my name. That being said, I am faced with the possibility that I would have to work for a longer period of time than I wanted to. After much thought I told my husband that I still planned on semi-retiring in August. It is something that I need to do. We are now looking a lot that has almost 6 acres of land and a double-wide home that is on an existing foundation. It has sewer, water, and electric on the property. The home would have to be demolished because it is in very poor condition. My husband said he would build a home from the ground up. There is a lot of prep that needs to be done before that could even be done. But, he tells me that it can be done. Because the price is so low on the property, and the need to demolish the home and cleaning up the property will cost us a chunk of change, the owner may take a lower offer just to get rid of the property. We shall see. So now to see what we can pull together for funds for the purchase of this property. It may be doable and a better option for us in the long/short run. Wish us luck. We will certainly need it.