Buying home bad credit? - buying a home with bad credit
According to my brothers and I sell a house that we left my parents, I am somewhere in the range of $ 30,000 and you want to buy a condo. My credit is shot, it would be enough for a deposit? I am willing to use the full amount.
Monday, January 4, 2010
Buying A Home With Bad Credit Buying Home Bad Credit?
3 comments:
freecreditreport.sinfree.net - trying to boost the service's credit rating before you borrow. After credit repair you can get the loan at minimum interest rate.
freecreditreport.sinfree.net - trying to boost the service's credit rating before you borrow. After credit repair you can get the loan at minimum interest rate.
It is possible, but depends on "how to get his credit" shot and "What is the size of a house / purchase price of the house.
It is best to go through a community bank in your area. You are FHA loans. The FHA requires a value of over 620'ish. However, with a community bank, if you can not appear for a loan from the FHA's portfolio to qualify it, if the LTV (loan) value is low enough, their working hours and income is good, etc. For example: If an apartment for $ 80,000 to $ 30,000 per seat (63% LTV) buy, reducing the risk of the bank. Mega and regional banks are not as fast as a "non-conforming loan" in this market.
Good luck
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