I think you will still have plenty of job options, but know that you will be required to go for your bachelor's within a certain amount of time, and will have to sign an agreement to that effect when you accept a job--this is all assuming you take your first job in a hospital. The good news is that they will pay for it. The bad news is that you aren't going to be done with school quite yet. I've worked at two different Richmond hospitals in the past year, and both have nurses with associates, who are being strongly encouraged to go back to school. If you can get through nursing school with 3 kids, you can definitely handle the BSN courses part time while working.
I'm sorry I can't reply to your PM, because I just joined the site. I'm applying to Frontier's CNM program, and will be going PT because I can't devote enough time to grad school and FT nights at my job right now. Frontier only requires you to come to campus twice for the entire program.
I'm only applying to one program, too. It was ranked #1 for the program I want, and it's online and flexible. My life (FT on nights, two kids under 6, etc.) needs the flexibility of online learning, and lower tuition that my school provides. If I don't get in, I'll look elsewhere, but otherwise... It's not worth the stress of multiple applications, in my case.
Following, because I'm in a similar situation. I'm a relatively new nurse, too, with about 18 months of experience under my belt as of my application to FNU for midwifery, 10 of which is in high risk OB. I'm waiting to hear back about my application, but from what I've read on here, I might be waiting until the end of the year. :-/ I meet all the minimum requirements, but I have no idea how many people they turn down, being the highest ranked CNM program in the US. Waiting so long is making me so nervous.