Posts Tagged ‘First Time Home’
Which is better: Individual first time borrower alone or individual co-signer (who has bad credit)?
reaganite27 asked:
Is it better to just apply for a first time home loan myself or apply with a co-signer (who has bad credit)? Are there any banks that tend to finance first time home buyers more than others? Thank you.
Is it better to just apply for a first time home loan myself or apply with a co-signer (who has bad credit)? Are there any banks that tend to finance first time home buyers more than others? Thank you.
Posted in Credit | 
Tags: Banks, Finance, First Time Home, First Time Home Buyers, Time Home Buyers | 
3 Comments »
Can I buy my first home even if I have bad credit?
Yay there’s a Starbucks! asked:
I also own my own business, make good money, and have no credit card bills. But before all this, about two years ago, I didn’t have a job, lost eveything, couldn’t pay any of my bills, even had repo’s, and so pretty much my credit is BAD BAD . Can I still get grants/loans as a first time home buyer? Please don’t just tell me to go sit with a broker…I already know that. Just wanting some advice and honest answers. thanks
I also own my own business, make good money, and have no credit card bills. But before all this, about two years ago, I didn’t have a job, lost eveything, couldn’t pay any of my bills, even had repo’s, and so pretty much my credit is BAD BAD . Can I still get grants/loans as a first time home buyer? Please don’t just tell me to go sit with a broker…I already know that. Just wanting some advice and honest answers. thanks
Posted in Renting Real Estate |
Tags: Bad Credit, First Time Home, Honest Answers, Repo, Time Home Buyer |
8 Comments »
Are there any home loans available for first time home buyers with horrible credit?
Ms. Lise asked:
My credit is really bad I am just going to be honest. I have a few old credit cards and student loans. The only thing that is a plus on my credit is my car note. Are there any lenders that are willing to work with someone like me. I have tried lenders in the past that claim they will help but they all said no.
My credit is really bad I am just going to be honest. I have a few old credit cards and student loans. The only thing that is a plus on my credit is my car note. Are there any lenders that are willing to work with someone like me. I have tried lenders in the past that claim they will help but they all said no.
Posted in Renting Real Estate |
Tags: First Time Home, First Time Home Buyers, Home Loans, Lenders, Student Loans |
4 Comments »
How do people with bad credit get approved for a home loan?
gabbi_gurl_2003 asked:
I am just wondering, we would like to purchase a house that has come up for sale in our neighborhood. I know that there have to be some type of programs out there because I know plenty of people with way worse credit scores that have been approved for mortgages.
I know that there are first time home buyer programs, but what if you cannot get approved for a loan? The programs that I have seen that help first time home buyers, require that the co-signer also live in the home, so it’s not like someone that we know could co-sign for us.
Any information that you can provide will be helpful, thank you in advance.
So the house we saw is $29,000. It needs work, but we are willing to do the work. We currently own a mobile home that we bought for cash, we have put work into it and could easily get $10,000 for it. We have money for a down payment, but this money should be used for repairs to the house that we would like to purchase. Could we get approved for more than the asking price, and use the extra money for repairs (providing that we put $10,000 down)?
I am just wondering, we would like to purchase a house that has come up for sale in our neighborhood. I know that there have to be some type of programs out there because I know plenty of people with way worse credit scores that have been approved for mortgages.
I know that there are first time home buyer programs, but what if you cannot get approved for a loan? The programs that I have seen that help first time home buyers, require that the co-signer also live in the home, so it’s not like someone that we know could co-sign for us.
Any information that you can provide will be helpful, thank you in advance.
So the house we saw is $29,000. It needs work, but we are willing to do the work. We currently own a mobile home that we bought for cash, we have put work into it and could easily get $10,000 for it. We have money for a down payment, but this money should be used for repairs to the house that we would like to purchase. Could we get approved for more than the asking price, and use the extra money for repairs (providing that we put $10,000 down)?