lasalle_1986
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the government has services under the HUD plan for first time owners who would like to own home and their are low-income or have fair to poor credit. also try lending tree , since it is a free service , they might be able to have different banks fighting to get the mortage. also try fanny mae. fanny mae helps with the credit part when getting a mortgage. |
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[Gone]
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You can buy one on land contract or like that.
Drive around and look for empty houses and find out who owns them. A lot of times the houses are empty because someone died or was moved to a nursing home and the kids or relatives really can't afford to take on another house and a lot are willing for someone to take it off their hands. |
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unicornfarie1
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We got a first time home buyers loan through American Mortgage and we didn't have the best credit. Just be prepared to answer why you were late on certain payments. There are also alot of people out there that want to sell their homes and will do a rent to own option. |
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sheila c
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There's lots of loan programs even for fair to poor credit. Just be careful and don't get sucked into predatory lending or accept a loan that is not really in your favor. It may seem like it is at first, but a few years down the line it won't be. Try reading "Home buying for Dummies" |
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Worst Answer Ever
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You could look into an FHA loan. Designed by the government to help working families get fincaned for home ownership. Your realtor should be able to help you determine if you qualify. |
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fleur_loser
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If you can show you make timely paymetns and have a really good loan guy you can get a house but you wold still have to pay a lot of money for the down I think. not quite sure so dont quote me on this lol |
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Big Bear
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You can purchase a home on several different loan programs, (VA, HUD, FHA), but with the last two, you will still need a down payment.
Also, you will have to prove that you have enough money to pay the mortgage. Most realtors require Pre-Screened clients now. this means you have already gone to a lender and found out how much money they will approve you for to buy a home.
Also, because of your credit situation, you will unfortunately be stuck with a much higher interest rate than most people who have a good credit rating.
Good Luck! |
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linluv2001
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when you find out let me know. i have tried all those places they advertise for people with bad credit. |
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guitar_lady81
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There are special programs for people with bad credit or lower income. your interest rate might be higher but you should at least be approved. try going through HUD homes which is great because they have houses for all incomes and you dont have to pay closing costs. You could also try getting a foreclosed home i found some great ones in the chicago area (where im from) for low prices. Im sure you can find good deals where you are too.
also talk with your bank about getting a loan or finding an agency to give you a loan. good luck! |
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Scanless1999
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try PINE STATE mortgage in Cumming GA
they will green light you at 530 |
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shakie
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go to a band aid lender..........high interest rates. ne1 can get approved |
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ncgirl
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check out www.first.gov.com
you will find buying a new house with very low interest from HUD. It is for people on low income and maybe poor credit... check and see,, good luck |
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amee2you
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Try www.gmacmortgage.com They are flexible on there credit scores & they also do FHA loans which I'm sure you qualify for & your down payment is only 3%. Also, see if you can find a seller willing to pay part or all of the closing costs. They can even raise the price of the house a little to allow for the expense. |
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sweettoni37
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With what you have said it is so many ways you can purchase a home now, And a good ref. and more that 2 years at you home now (residents) says so much. But MONEY always say it better If you get a Tax return back you may want to use it as your down payment especially if it's $1,000 dollars or more. When persons have fare/poor credit MONEY SPEAKS LOUD. Wish you the BEST ON GETTING YOUR NEW HOME, BEST OF LUCK. |
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Gabriela S
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rent to own................good reference from your landlord will not be a big factor...but it help.................. |
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juanmenamartinez
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Well, is this your first house? Usually there are good offers and incentives offered to first time homebuyers. You may just want to call around and do some research to find a nice real estate agent in the area. Then you can pretty much get someone to help you and get the right loans or money in general to get a down payment on a house. But usually even if you have bad to fair credit it is easy to get into your first home. You need to build some credit somehow, so if you can't get a house start from the basics my friend. |
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slatibartfast
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Another Idea is to form a cooperative group with others (you can trust) and buy a house together. Get your relationship worked out by a lawyer prior etc. Pay it off quick ( like 5-10 years not too quick or you will have another type of poor credit rating!) sell and divide proceeds. Use proceeds as a deposit for an individual house with a new credit rating from the first house. or if it worked well get another group house and rent the first out and pay the next off quicker etc. Eventually you will all have one! A lot of danger in this way, even a little nieve but if you can get it right; a few have in Australia |
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dawn18417
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When you have 30 percent down payment and credit card debt of 2500 or less then you will be able to get a loan on a house,also you will need a job that pays more than 12000. a year.You could buy a cheap duplex near a landfill or prison and live in one side and rent other side out,just a thought. |
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Sharon T
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I had avg. credit (to build it, get a credit card, even if you have to pay yearly dues to get one, run up less than $500. on it and then pay it off slowly) other wise, it costs a good bit more front money to close on a house...also, I worked with 2 credit companies at the same time...they did not discover the same information...that could have been just luck, tho. |
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--------
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Start by talking to your landlord and ask him if he would be willing to co-sign with you or loan you thew money for a down payment. There are homes for low income. Good Luck |
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Infidel-E
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put more money down. |
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SusanS, Incognito
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Maybe you could find a house where the seller would take the mortgage. Or maybe, your parents? |
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