2006-07-31 03:27:50 · 15 answers · asked by estephania2182 3 in Business & Finance ➔ Renting & Real Estate
yes try HUD homes & 1 st time buyers program, you can also do rent to own homes
2006-07-31 03:32:23 · answer #1 · answered by Wish 6 · 0⤊ 0⤋
Nope, I just tried, my credit score is in the 600s but I only make $24000 a year. They wouldn't approve me. Plus, you need to have a year's rental history in Georgia which I don't have yet. You have to have a certain income ratio to what the cost of the house is. Talk to a mortgage broker in your area for the specifics.
2006-07-31 03:32:13 · answer #2 · answered by aloneinga 5 · 0⤊ 0⤋
I don't think so. There are homes you maybe able to afford depending on where you live... but your credit score is rotten. Our household income is $50,000 and credit score of 625... we qualify for a $105,000, and those are hard to come by! I would say you could only afford about a $50-60,000 if you could get fincanced.....!!!
2006-07-31 03:31:00 · answer #3 · answered by Me 6 · 0⤊ 0⤋
a million. close maximum of your credit taking part in cards. you have too plenty open credit which you will run up and get your self in complication. Open credit counts against you, so whether you have 0 balances, the lender will nonetheless count form the obtainable credit on all of those taking part in cards against you. 2. Your loan, taxes and insurance could be no better than $a million,000 a month. it is not plenty to artwork with. reckoning on the element of u . s . you reside in, meaning a house for around $75,000.
2016-10-01 07:20:44 · answer #4 · answered by mehan 4 · 0⤊ 0⤋
depends on whrere you live and how much you are gonna want to put down as a down payment. there are still citys out there that have homes going for well below the national avg. pittsburgh, charlotte, springfield mo, etc. i have seen homes as low as 50k-110k! also you are going to need a down payment. in order to get 100% financing your score needs to be at least 580. and that is still pushing it. anyway good luck
2006-07-31 08:00:35 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Hi, go to www.hud.gov, some of the houses are for $13000 in VA, check it out and they have programs to help low income families. GIVE IT A SHOT!!
Good Luck to you!!
2006-07-31 08:36:13 · answer #6 · answered by T-girl 3 · 0⤊ 0⤋
Yes you can!! BUT, you would have to put down about 15%.
This can also be a "Gift". What state are you looking in? I can do loans in 47 states and would be happy to answer any additional questions you may have.
2006-07-31 04:11:45 · answer #7 · answered by staceydian 2 · 0⤊ 0⤋
not with that credit score, your income is okay for a small place but your credit needs to improve
2006-07-31 03:32:05 · answer #8 · answered by me 5 · 0⤊ 0⤋
Probably not. You should try and get a house unless you can afford one, because if you do you could really fall deep into debt.
2006-07-31 03:31:21 · answer #9 · answered by ghostpirate7 3 · 0⤊ 0⤋
You can go to MLK Jr. Blvd in any town and you can buy a house there!
2006-07-31 03:30:00 · answer #10 · answered by Anonymous · 0⤊ 0⤋