Heather it is possible with a score of 580 or better to get an FHA loan but it also depends on what else is on your credit report and other factors that might effect your financing such as your income.
You will want to work with a lender who is knowledgable about what can be done to repair your credit in the shortest amount of time and see if you can't improve on that 600 score.
FHA does requires a 3.5% down payment (which can be gifted) so some investment on your part will be required.
There are other options for 100% financing but that higher score may be required, you're close so you'd need another 40 points or so. You need a good lender to evaluate your overall credit picture and counsel you. Most real estate agents have several of those on speed dial!
I hope this was helpful and that you pursue your home buying options. With interest rates in the 3-4% range and lots of available inventory it is a great time to make that investment.... more
if your agent has been helping you for a period of time and actively providing you all informations that you need in your search and just happens that a for sale by owner comes along your agent then deserves 2.5-3% commission. I would still have this agent write the contract and guide you the process especially with home inspection, radon testing, negotiation and other matters that will help the process.... more
Berkeley County (in the Eastern Panhandle of WV) is a mecca of government jobs. You can go to www.usajobs.gov and search for Martinsburg, WV. You will encounter a plethora of open positions with the government. Within a short drive, we have FEMA (in Winchester), US Coast Guard, Internal Revenue Service, Alcohol, Tobacco and Firearms (all in Martinsburg area). We have several industries including Guardian Fiberglass, Orgill, Macy's Distribution Center (who will be hiring soon for Christmas help). I know many folks who work at Royal Vendors (next county over), American Public University, etc.
If you are looking to relocate to this area, I would be delighted to have a more detailed conversation with you.... more
Your situation is not uncommon, there are ways around credit issues when shopping for a home. First is to talk to area lenders and see what you would prequalify for if you were to buy another house (if that would be an option). Second you might want to look for other financing like "owner financing" "rent-to-own" just to name a few. If your ready to move forward do a little more research and see if your situation is as bad as you think, you may be suprised! Good Luck--... more
you would need to check with a mortgage broker to see what you would qualify for. i would be happy to talk to you regarding this and see what we can work out. you can reach me at 540-533-6919 or email me at email@example.com... :)... more
I always tell people to answer ads "for rent" that fit your criteria. Many owners are not interested in selling, so this can be a bit frustrating, but probably 25% will be open to it. As a property management company, we recently completed a sale of a landlord-owned property to the renter who had lived there for 15 months. Landlord/Seller and Tenant/Buyer were both thrilled!... more
Now is an excellent time to buy with rates still at an incredible low, and plenty of homes to choose from. There are presently 9 homes for sale in The Woods, between 90k and 110k. I live there myself, and would be happy to show you around and help you find the right place.
Please feel free to contact me with any questions or concerns you have!... more
Most sellers sell to get money to buy another house. Rent to lose is a waste of time since they rarely ever work out and you will lose more money when you can't get a loan to complete the deal and then you are kicked out and lose the deposit. Just rent and when you can really get a loan then buy.... more
Heather, Hi, my name is Leslie Mazzer, an agent with Butler Real Estate Brokerage. I would be happy to set up a showing at 113 Sheffield Lane for you if you would like. You can email me at firstname.lastname@example.org or call me 304-268-2991. I look forward to hearing from you!... more