2007-12-09 15:26:06 · 3 answers · asked by bettys5incali 2 in Business & Finance ➔ Renting & Real Estate
Depending on how bruised the credit is, you may want to check into FHA loan options. The credit and income guidelines are much more flexible with FHA. It might be a good option.
In the meantime, work on improving your credit. Don't apply for any new credit. Get a copy of your report and pay off any judgments and collections first. Keep on time with all open accounts and catch them up if need be. You can make some serious improvements in a short amount of time if you can get a copy of the report and pinpoint the problems.
Including a link for FHA and one about credit scores. Good luck!!
2007-12-10 02:34:03 · answer #1 · answered by Quicken Loans 5 · 0⤊ 0⤋
If your credit is bad don't worry . A house is bought with a mortgage not a loan. If you wont pay you lose the house. Just have some down payment to make you look serious about owning a house.
2007-12-10 02:45:04 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Improve your credit
2007-12-09 23:29:08 · answer #3 · answered by shipwreck 7 · 2⤊ 0⤋