My hsband and I have very good incomes. We made a mistake of consolidating and the company paid our bills late.
2007-09-28 08:15:05 · 7 answers · asked by Crystal C 1 in Business & Finance ➔ Renting & Real Estate
with FHA you need 2.25% with no credit lates in the last 12months.
MyCommunity/homepossible is zero down but you need a 620 to avoid HIGH pmi payments
2007-09-28 08:18:05 · answer #1 · answered by Anonymous · 1⤊ 1⤋
As you state you make a good income, it would depend on the property address. The My Community program is not credit driven and I have gotten people approved with scores in the 540's. It does require either the combined income be equal to or less than 80% of the avg. county income, or that the property be in an underserved area. So it boils down to having a mortgage broker that knows what they are doing...
2007-09-28 16:49:35 · answer #2 · answered by flamingojohn 4 · 1⤊ 0⤋
You didn't say where you're located but I'm associated with a nationwide network of investors who'll put you into a house for 5% + the 1st month on a 3 year "Rent-to-Own" basis with FULL TAX BENEFITS of homeownership. You get your 5% back when you refinance into your own name and a 50% split of net appreciation. If you've paid on time for 3 years, any decent mortgage company will refinance for you.
If you're intersted shoot me an e-mail or visit my site below.
2007-09-29 09:01:55 · answer #3 · answered by Anonymous · 0⤊ 1⤋
No. Your income is offset by the loan issues and late pays. Sorry as that is not likely what you wanted to hear.
2007-09-28 16:00:52 · answer #4 · answered by VAgirl 5 · 1⤊ 0⤋
Better to clean up your credit issues or else
You will be paying loan shark rate for the new mortgage .
Clean up your mess , Before you get any more loans .
>
2007-09-28 15:25:18 · answer #5 · answered by kate 7 · 1⤊ 0⤋
Check out first time homebuyer programs in your state.
Here is the first time homebuyer program in Arizona.
http://www.welcome2arizona.com/home/first_time_homebuyer/first_time_homebuyer.php
Hope this helps.
Terry S.
http://www.Welcome2Arizona.com
2007-09-29 22:08:08 · answer #6 · answered by Terry S 5 · 0⤊ 0⤋
Big down payment start saving.
2007-09-28 15:18:02 · answer #7 · answered by Anonymous · 1⤊ 1⤋