i don't have that much credit if any and no savings
2007-09-23 11:20:46 · 8 answers · asked by C-Lo 1 in Business & Finance ➔ Renting & Real Estate
what about grants or repos?
2007-09-23 11:27:23 · update #1
i have a job working full time and it may not pay great but it pays all my bills
2007-09-23 11:30:30 · update #2
contact a Realtor and see if there are any HUD or special financing programs available to apply, it couldn't hurt to ask....
2007-09-23 11:29:15 · answer #1 · answered by omgithinkiknow 7 · 1⤊ 0⤋
If you have no savings, and not much credit, a house would not help you out. Renting is the right choice sometimes.
Dave Ramsey has lots of real life money advice at http://www.daveramsey.com
I think you might not want to buy a house, you might want to look into renting a place that works better for you and your family. That doesn't have to be more expensive, maybe just in a better school district, or closer to friends or nearer a park.
Once you buy, you won't have flexibility to move if your school/friends/whatever situation changes.
2007-09-23 18:33:13 · answer #2 · answered by stevestone_ky 5 · 1⤊ 0⤋
Start at a bank, go into a bank and inquire about getting a loan to buy a house. The bank will walk you through several options, they will check to see if you qualify for a loan and how much of a loan. My suggestion is to go to many different banks asking the same thing. Most banks have different interest rates and different programs to help people with a down payment buy a home.
2007-10-01 10:17:57 · answer #3 · answered by Arin 3 · 0⤊ 0⤋
These are 3 home buying tips you may not be familiar with.
1. Home Buying Tip - A House Isn’t Necessarily The Best Plan
2. Home Buying Tip - Real Estate Agents Are Professionals
3. Home Buying Tip – Look for Low Offers
http://home-buying-tips-site.info/
2007-09-30 03:19:58 · answer #4 · answered by Anonymous · 0⤊ 0⤋
You'll have to have some savings before you can buy a home. And you'll have to be able to show a lender that you can make the payments, by having decent credit, regular income, and not too much other debt.
Talk to your local bank to see what you would need to get approved for a mortgage, and how much you might get approved for - that will tell you what price range of houses you should look at.,
Good luck.
2007-09-23 18:27:59 · answer #5 · answered by Judy 7 · 0⤊ 0⤋
sorry but you are in trouble. You need a credit score above 660.. A decent amount of income and some savings in the current loan environment
2007-09-23 18:25:55 · answer #6 · answered by Bob D 6 · 0⤊ 0⤋
Ifyou get a job, you need talk.
that they see you strong.
I found this web site with VERY interesting advice and proposals. Good luck! http://real-estate-note-buyers.blogspot.com/2007/09/real-estate-note-buyers.html
2007-09-24 14:34:53 · answer #7 · answered by Anonymous · 0⤊ 0⤋
check out this website..
http://ezinearticles.com/?Government-Grants-For-First-Time-Home-Buyers&id=353122
2007-10-01 16:49:56 · answer #8 · answered by ldyjsmyn 4 · 0⤊ 0⤋