I have horrible credit but a steady job 4 grand to put down could I get approved for a 40,000 home loan

More info is needed but most likely at the very least you would need a 550 middle credit score. You would need 10% down, which at 40k works and you can't have any judgments on your credit and if you have collections they would need to be reviewed. Also your debt to income ratio would most likely need to be no higher than 43%

Probably not. When a lender makes a loan, they are looking at the characteristics of the borrower to make sure there is a strong likelihood that the borrower will pay them back. Horrible credit implies that you do not regularly pay back people either on time, or at all. This also implies that you are an extreme credit risk. Before you are going to find someone who is willing to take a chance on you, you are going to have to begin the process of cleaning up your credit and develop a pattern of paying back creditors timely. Once your history shows you take your credit obligations seriously, credit will come easier to you. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in California and Arizona ~ www.LoansA2z.com ~ 888-889-9950