Trying to fix credit and desperately trying to buy a house....have paid rent for 8 years without missing or late payments...
2007-03-26 11:29:29 · 6 answers · asked by maygirl28 1 in Business & Finance ➔ Renting & Real Estate
talk to a mortgage broker they can help you for sure..
2007-03-26 11:36:57 · answer #1 · answered by dotdotdot 5 · 0⤊ 0⤋
Have you pulled your own credit lately? You should. The you should take that information and go shop lenders. See what programs they may have for you. You might be surprised. If you want to buy a house- do not accept no for an answer. Simply keep looking until you find the people who can help you!
PS- good credit resource creditboards.com
2007-03-26 11:38:10 · answer #2 · answered by nolimitsladies.com 2 · 0⤊ 0⤋
It is now almost impossible for people with challenged credit to achive financing. You need to contact a credit repair company to see what steps to take to gain control of your credit. 620 minimum for a full doc purchase with at least 3% to 5% down 680 for stated with a minimum of 5% to 10% down. Don't pay any bills late, and get the repair done. It should take 6 months to a year to get where you need to be depending on the issues.
2007-03-30 06:31:57 · answer #3 · answered by novastarbanker 3 · 0⤊ 0⤋
I am a Relationship Manager with First Horizon Home Loans, and specialize in customers with less than perfect credit. First Horizon National Corp. is a Fortune 100 Best Company and has been since the list's inception. We have over 400 different products to assist all types of borrowers. I'll be happy to assist you with your home loan needs. You can email me at pdholcombe@firsthorizon.com or visit my website http://www.applywithpaul.com.
2007-03-26 12:05:01 · answer #4 · answered by Pablito D 2 · 0⤊ 0⤋
There is a site at http://www.mortgageawareness.com that has free information for first time home buyers on how to get approved for home loans with bad credit.
They also explain how credit scores effect interest rates and down payments.
2007-03-26 11:42:12 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Call a mortgage officer, in fact several in the area. Subprime is getting a lot of attention right now...better hurry!
Stay away from the mortgage spammers here though, most of them are bad news.
2007-03-26 11:40:10 · answer #6 · answered by Mark P. 5 · 0⤊ 0⤋