I think this is the route we will take for our 1st house.
*no downpayment required: which is a good thing.
*credit score of 640
*36 months out of bk: we will be way past that.
I think we will buy an existing house. I still would like to have some land with the house. But for simplicity sake I think just getting us into a house is the goal and paying it off quickly although it is a 30 year loan. We would probably stay in it for 6 years. This first house probably won’t be our dream homestead but it will be a homestead of sorts. I think the determining factors will be our son. Where he will be in hockey and what he wants to do for high school. We currently home-school for Kindergarten but we are not opposed to putting him in a private school for high school if it has a great hockey program. There is one back east in the USA and there is one in Canada on the west coast. He does have dual citizenship so that is not a problem. We just have to wait and see what happens.