 What type of home loan is best for someone with 680 Credit score, no money down? |
| I'm looking to buy a home. My credit score is 680, but I have no money to put down. What is the best loan option for me? A friend is buying a home and he says his rate is 1% and his mortgage ... |
|
 The John Beck scam...? |
| Okay, I've done enough research to find that the John Beck Real Estate System is a scam. But, does anyone know of another program, website, book, etc. that has somewhat of the same concept that ... |
|
 How do you keep the man you love when he is attached or seeing other women,but you love him so much.? |
| i mean this man is all i think about but he is married and is seeing other women besides me....we have been seeing each other for 13 years and still is seeing each other and i love him so much til it ... |
|
 What are your thoughts on a 40 year Mortgage? |
Out of all of the "creative" lending products, this one seems to make the most sense for someone looking to upgrade in the buyers market.
Just honest opinions, perferably from ... |
|
 Can we have our landlord pay for the damage? |
| My family and I are renting a home from a landlord who lives out of state. When we moved in we had a verbal agreement that he would repair the driveway, as the concrete was so bad that there was no ... |
|
 I installed carpet in my apartment, can I take it with me when I go? |
| I have lived in the apartment for 7 years, the carpet is over 10 years old, I asked my land(slum)lord to replace it and he tells me he will go up $50 on my rent monthly if he does. So I replaced it ... |
|
 Do you live in a? |
House
Flat
Apartment
Unit
Caraven
T... |
|
 Is it possible to refinance a home before you have it for a year? |
| I bought it in August....I need to move away in 8 months...I have high monthy mortgage and I want to refinance so i can lower mortgage and rent it ... |
|
 Is the seller of a house required to clean it before they move out? |
| We are purchasing an existing house and did our final walk through before closing. The house was a mess and in need of cleaning and removal of existing "furniture". Is the owner required to ... |
|
 How low can it go for REO? |
| I am currently bidding on a REO property. I am offering the bank about 83% of the listed price and the bank still turned me down. That house needs lots of work. I do like the overall floor plan ... |
|
 Realtor made changes to contract after I signed it? |
| I filled out an offer sheet and signed the document, the realtor then had the sellers sign the offer sheet but added a stipulation that depended on the seller recieving orders to move. The realtor ... |
|
 First Home (Monthly Payment)? |
| I'm 21 and am going to move out of my parents house next year and get my own place. I'll have $25,000 by June of next year and will use that as a down payment. Is that a good amount to put ... |
|
 Did the banks conspire the housing boom? |
| Perhaps in order to seize the assets of the middle-income Americans involved in the lending practices. The banks get a government bailout and they will soon own all the property involved. What ... |
|
 Is it a GOOD sign if a couple wants to view my home for the 2nd time in 2 days? |
| We are selling our home & this couple came to view it on Monday. Well, I got a call about 1 ½ hrs ago that they would like to see it again. How promising is that?? How likely is a person to ... |
|
 Buy your dream home and have no money, or.... ? |
| My boyfriend and I have found the most amazing apartment and have fallen in love with it. But the problem is that if we bought it, we'd only have about £200 a month each in free cash (after ... |
|
 My tenant hasn't paid 4 months of rent, and doesn't want to leave. What do i do? |
| So I have a one family house and fixed up the basement with a shower, kitchen and living space for rent. I got a tenant about a year ago, but recently (4 months) he kept delaying the rent payment and ... |
|
|  |
Michael C | Being a first time homebuyer, what can me and wife do to get a mortgage with very bad credit?? |
We did see a realtor but they told us we need to wait until next year to let some of our good credit history mature.
Additional Details
We can afford it, its just that it seems our credit is standing in our way. |
 |
 
Gary H
|
Don't lose hope if you're looking to buy a home. There are so many different ways to fund a home now, just about anyone with any kind of credit can get into a home, regardless of credit situation.
Of course, some will cost you more money in the long run, but a home it's still one of the best investments that you can make, so, in many cases, it's worth it, especially for the first year of ownership.
You should shop around, and ask different lenders what kind of programs they have, and if they can help. Try to find a lender that specializes in bad credit mortgages. You can find some bad credit mortgage lenders listed on this page on and off:
http://tiny.wackyb.net/K2rP/odtl |
|
insureman613
 |
Some lenders focus on credit score, other focus on your current income and as long as you are making enough money to service the loan at a comfortable % of your income, you will be fine. I would look at the poor credit section of www.bestmortgageanswers.info |
|
Judy1
|
If your credit is very bad, then waiting until it improves is probably about your only option. In the meantime, keep your payments current so it will improve. |
|
Tee
|
How bad is your credit? How much money do you have to put down? There are certain factors that play a part in answering your question. As stated previously, you may be able to qualify for an FHA home loan. I will be happy to help you. Visit us online at http://www.divinitymortgagegroup.com or call toll free 877.384.6489. We offer Conventional, Non-Conforming, FHA, and VA Home Loans. |
|
clean&serene
|
first of all get a credit report, and start making attempts to clear any debt that is found on that report. student loans, consumer credit cards (i.e. homedepot, bestbuy), and auto loans are some of the biggest things that come up, try to get those paid off. Get letters from any agency when you do pay them off to be able to show your mortgage originator because often times they take a few months to register on your credit report. SAVE MONEY for down payments. Money in the bank is what helped my wife and i the most, since we don't make that much income. |
|
Cookie
 |
Your resltor is right,if you have bad credit you need to consider if you can afford a house when you have trouble paying your bills now.
I'm not trying to talk bad about you but a house is really expensive.It will cost you about $500 more per month than renting.
Good luck and keep saving money. |
|
laura D
 |
Many people with bad credit can still qualify for FHA loans. It depends on what is on your credit. The most important factor with FHA is to have a perfect rental/mortgage history. If you have collections, and they are all medical, they may not make you pay them off. If you have collections on credit cards, cars,etc. you will. Many brokers will not push FHA because a lot of companies are not approved to do these types of loans. |
|
godged
|
You can fix your credit.
If you do find someone to lend to you with "very bad credit" the terms should make you run the other way.
I don't recommend most credit repair companies I hear about, basically they are a waste of money, but maybe your Realtor knows of one in your area worth the price. Doesn't hurt to ask. |
|
MissV
 |
You may not qualify for 100% financing, however, some lenders may qualify you for 85%. For example:
A Seller may offer a lease option, allowing you to rent for a year and then purchase. A savvy Seller may want you to pay a large option (a few thousand dollars) that would be nonrefundable, just in case you change your mind.
If you find an older house (more than 15 years old), where the Seller has some equity, the Seller may be willing to provide some financing. So if a lender approves you for 85% financing, and the Seller accepts the 15% as a second mortgage (private between you two), then you might be able to work out an arrangement. If the Seller is content with receiving 85%, then they may cancel the second deed without you having to pay it. Otherwise, they'll agree to charge you a certain amount monthly until the next year (or two), at which time you refinance to pay off the 15% that the Seller is still due. |
|
ptahia
 |
i have a very good loan product that might work for you.
you can get a very good rate if the house you want to buy is in a certain neighborhoods.
the guidelines are extremely flexible.
you can email me for more information ,
i can get an approval within 2 hours.
aptahia@useprimefinancial.com |
|
Leigh
|
speak to your bank and talk to them honestly about wantingto own a home and what your problems with your credit are. Even if they cannot help you now, they will most likely be able to refer you to someone who can, and they will also give you advice on what you need to fix regarding your credit, and what they will look at to determine if you qualify. I also had bad credit, but with my banks help, they got me qualified for $125,000 home. I would be a first time home buyer, single female.... Baaaad credit in the past. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
10 | 15 minutes(s) ago
| | | |
9 | 25 minutes(s) ago
| | | |
10 | 29 minutes(s) ago
| | | |
10 | 43 minutes(s) ago
| | | |
10 | 2 hour(s) ago
| | | |
10 | 4 hour(s) ago
| | | |
10 | 7 hour(s) ago
| | | |
10 | 9 hour(s) ago
| | | |
10 | 1 day(s) ago
| | | |
9 | 6 day(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
