its like we want our home but have almost given up any solutions
2006-10-01 09:18:22 · 9 answers · asked by romelia a 1 in Business & Finance ➔ Renting & Real Estate
you have gotten some pretty good responses... let me share this with you. if you have had credit problems in the past and they are pretty much resolved or you resolve them now there is a chance for you to be able to purchase a home today depneding on the area you are in.
you need to check out www.libertygrant.com this is a website that will help you with a FREE grant for your downpayment and closing costs so you will be able to buy a house with little or zero cash out of your pocket. this way if you have any money saved up and have credit challenges that need to be resolved you will be able to do that. next, the desiganted lender for the program is LEND AMERICA (877-472-6810). they are a nationwide directly endorsed FHA lender and are very flexible on credit guidelines. if they can help you they will tell you and if they cant they will tell you what you need to do to be able to get a home in the near future.
good luck
2006-10-01 11:12:19 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Hmm how bad is your credit? I have a mortgage guy who can get you a loan with a low score. As far as down payment goes it all depends on what route you wanna take. Most banks want 20% down but the guy I know works for a mortgage company and when you do your offer to buy the home you can offer more then they are asking and get 5% seller assist. I bought a 100,000 foreclosed home for less then 1,000.00 out of my pocket. there is even loans they are 105% so they put closing costs into the loan.. there is loans that offer interest only.. It usually has a term like 10-15 years that you would have to renew the loan or get another one but it keeps your payments lower which if money is an issue can help you right now. they do have a higher interest rate.. ok enough rambling... get your credit score online call mortgage brokers out of a real estate magazine or contact a realtor who is gonna help you find a home 9 times out of ten they have someone who can help you out. ask about seller assist and find out the best solution for your needs. Hope this helps a little..??
2006-10-01 09:31:58 · answer #2 · answered by andy j 1 · 0⤊ 0⤋
Have you considered a Lease to Own option? It works really well for people with credit issues. You work with a lender, who helps you get your credit in shape while you are leasing so that you can buy at the end of the lease, meanwhile, the purchase price goes down as you apply money monthly toward the principle. We sell homes all the time on lease to own terms all the time, and it really helps people.
2006-10-01 09:27:07 · answer #3 · answered by smashley 4 · 0⤊ 0⤋
You need to improve your credit score first.
Get rid of all but one credit card, and only use that in emergencies.
Live FRUGALLY, and pay as much as you can possibly afford on every debt you have.
Credit scores use timeliness as well as debt-to-income ratio. Don't be late----EVER. In a year ot two, you should bring it up enough to get a decent interest rate, and then maybe refinance 4-5 years after that for an even lower rate.
Good luck.
2006-10-01 09:28:27 · answer #4 · answered by Anonymous · 0⤊ 0⤋
The agency below will be able to help you with down payment assistance and counseling on what you can afford, how to clean up your credit, and how to secure the American Dream. Hmmm, maybe that's why it's called AmeriDream???
2006-10-01 09:25:13 · answer #5 · answered by Anonymous · 0⤊ 0⤋
If your serious sign up for this service they shuld have you cleaned up in about 6 months. Then email me I can help you with a mortgage.
I send all my clients with credit problems here to get them ready to buy a home.
http://www.lexingtonlaw.com/Home.php?tid=662.0.5859
2006-10-01 11:59:53 · answer #6 · answered by David F 1 · 0⤊ 0⤋
buy on contract for deed. Several people offer this especially with the housing market slowing down people are more willing to sell their house like this specially if it has been on the market for awhile.
2006-10-01 10:30:27 · answer #7 · answered by WILLIAM W 2 · 0⤊ 0⤋
i'm not non secular, yet I do have heavy sociological / anthropological history. in case you sense the would desire to "worry" your God, then it is considering you sense responsible for some thing, or you desire to sense victimized. maximum human beings do not worry their God. They love their God. God is like the final chief. As Machiavelli reported, a stable chief would desire to be the two enjoyed and feared. If he's only enjoyed, then human beings will nonetheless do what they desire against his desires at cases. If he's only feared, then they gained't love their own lives, purely doing what he needs out of worry of ramifications. in the event that they love and worry him, then they are going to do what he needs out of love and know first, and out of worry 2d. permit me attempt to apply a distinctive analogy for God... God, in maximum peoples' eyes, is style of a stable discern. a stable discern makes use of two areas love and a million section discipline to make certain human beings lead a stable existence. a million section love is unconditional. God loves you unconditionally, considering you're his introduction. (only as a discern loves their infant unconditionally). a million section love is for constructive reinforcement. God exhibits you adore to advantages your stable habit. it quite is what maximum human beings call "advantages", "miracles", and so on. mum and dad do a similar with them infants; provide them hugs whilst they prevail. a million section discipline is used for destructive reinforcement. God punishes human beings whilst they have been undesirable. mum and dad do a similar to infants. Now, maximum human beings will persist with a Godly existence because of the fact they know and love God because of a million section unconditional love, and a million section constructive reinforcement. If that would not artwork then they worry the a million section discipline. in spite of the undeniable fact that, what's "blessing" and "punishment" from God is subjective. distinctive religions, or maybe persons, may even see some thing as a blessing mutually as others see it as a curse. everybody can see despite they desire into some thing. whilst a mom hugs a infant, it is somewhat tangible that it quite is a hug. yet, whilst a guy or woman unearths $5 on the line is that a blessing? What if it only facilitates them to do some thing undesirable? i think of the extra desirable thank you to look at God is that he provides human beings opportunities. The $5 is an probability. How the guy chooses to apply that probability dictates despite if it quite is a "blessing" or "curse".
2016-10-18 07:45:32 · answer #8 · answered by ? 4 · 0⤊ 0⤋
get a cosigner if possible
2006-10-01 09:25:41 · answer #9 · answered by Anonymous · 0⤊ 0⤋