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[US NE] Can I qualify to refinance this house?

I have a question about qualifying when self employed through my own business in the U.S. Midwest.

I'm getting divorced and the child support I receive will be $470 and my alimony will be $800 a month.

I'm self employed and the last four years on my taxes my net income for my business was: $37K, $21K, $19K and $8K (yeah, decreasing) and I have about $14K in savings and excellent credit and no debt.

My husband makes most of our income, but agreed that if I can refinance the house in my name he will let me have it because the equity in our house lets him keep more of his retirement.

What I'm trying to figure out is can I qualify for a loan for $107K for a house that is $300K so I can take over the loan in the divorce?

Trying to figure out how I can make this work, but I'm concerned my income isn't high enough.

Can I do an FHA loan? What could help this situation?

submitted by /u/Bone_Apple_Teat
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1slq2g3/us_ne_can_i_qualify_to_refinance_this_house/
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