What options does someone with bad credit and moderate income have for buying a house?
My fiancee and I are interested in buying a house, but we both have bad credit and between the two of us we only make 50k a year. What options do we have? We just signed a year lease at our old place, but are hoping to buy a house around this time next year. Ideas? Please no spam.
My credit score is around 500. Together my fiancee and I have about $5000 in debt, not including student loans. We do not have any credit cards that we use (most of the debt is charged off credit card debt).
By: GroovyGirl623
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My credit score is around 500. Together my fiancee and I have about $5000 in debt, not including student loans. We do not have any credit cards that we use (most of the debt is charged off credit card debt).
By: GroovyGirl623
About the Author:
March 19th, 2009 at 11:33 pm
Without knowing your exact credit score, and how much debt you have going out each month, it’s hard to tell exactly how much house you might qualify for.
I am a Realtor in the State of AL….It also will depend on if you have $$$ for a down pmt.
The lenders/mortgage companies are getting a little tougher to deal with, but, if you are looking to buy in the next year or so, you do have time to clear up any credit issues you may have.
If you are interested in the name of a reputable credit repair company, please email me at. I refer all of my buyer’s to them, and they can be a lot of help!
THANKS!
March 20th, 2009 at 4:56 am
My mom what she could rent to do is she talked to put down payment to morgage company that helps.
The house when you find house when you rent to have down payment on the mean time too try.
March 20th, 2009 at 9:53 pm
In het komende jaar, kun je zo veel mogelijk het verbeteren van uw krediet, gewoon om uw creditcard saldo onder de 50% zal een grote hulp. Ook kunt u een kopie van uw credit score en dossiers, en te controleren om te zien of er eventuele negatieve krediet rapporten die verkeerd zijn (u kunt verzenden als bewijs dat u hebt gemaakt betalingen zodat ze uit je score). Het laatste wat ik kan raden is om binnen uw middelen en behoeften - Ik weet niet wat de woningmarkt is net waar u wilt kopen, maar wel iets dat echt past bij uw budget … als je een Stinky tarief omdat uw credit score is slecht, dan moet je gewoon kunnen herfinancieren in een paar jaar wanneer u op uw gast is verbeterd.
March 21st, 2009 at 9:55 pm
Jullie moeten werken aan het verbeteren van uw krediet en brengen wat geld voor een aanbetaling op een huis vernietigd. Zonder die dingen doen ik zie de leningverstrekkende agentschappen zou bellen u een hoog risico en zij zal waarschijnlijk niet de kans. Veel succes met uw doel om dat te doen in een jaar. Je moet stoppen met de uitgaven op krediet te krijgen die zelfs verbeterd nu elke eerste.
March 23rd, 2009 at 2:41 am
The home but it will be at much higher intrest rate.
The home but it will be able to find company to finance the home but it will be at much higher intrest rate.