Hi Ashley,
I here ya girl! There are so many possibilites and options. You may not be doomed!?! I am a local Realtor in your area and specialize in the Blanchard/Rural areas. I have lenders who can direct you right and honestly! Rural housing is offering a fantastic program to folks just like you wanting to buy a home! as well as the Tax Credit that may be available. Please feel free to give me a call . I'd be glad to help you!
Paula Irwin - Broker
Choice Realty
Metro Brokers of Oklahoma
405-229-7571
paula@paulairwin.com http://www.paulairwin.com

Just your credit score makes it hard to determine what to suggest to you. If there was a bankruptcy, foreclosure, collections any of that, or which of those makes a huge difference on what can be done for you. There are so many factors that affect credit scores that it may be an easy problem to fix (I had bad credit at one time and raised my score 180 points in 6 months). If you are serious about wanting to find out what you can do to purchase a home I can give you a great lender that will discuss your credit report and what you need to do to be able to purchase as well as how long to expect it to take. They are the Bomar Team and their number is 405-445-5445. If you have any questions or if I can help with anything just let me know. My office number is 405-340-8842.

You're doomed. The Mortgage Police have circled your crappy little apartment, calculators locked and loaded. All the loans are in lockdown. Come out slowly with your rent checks raised.

Desperate times call for desperate action. And that means thinking outside the box. If lenders won't help you, find someone who will. Do either of you have a parent who can co-sign for you? Or, ask the sellers if they'll consider seller financing. Maybe they don't need all their equity out right away. Would they consider a lease-option or lease-purchase?

Meanwhile, work on establishing your credit and on helping your fiance clean up his. He's clearly made some poor decisions financially. Whether or not you buy the little starter home or end up spending another year in your crappy apartment, both of you need good credit. Not just to buy a house, but for a whole slew of things.

Finally, are you sure you can afford the starter home? Can you afford the payments? The utilities? The upkeep? Just make sure you're not making another questionable decision.

Good luck.

In this new landscape, you might be. Albeit only temporarily. FHA, which has never been a score driven product, recently has seen lenders now requiring at least a 580 middle score to qualify. The high default rates have scared lenders silly and until this wave passes, qualifications will prove difficult. The best thing for you to do right now is to focus on repairing your credit and increasing your score. With the proper info and effort, it can be done. Contact me with your email address and I can send you info on how to do this. Alternative credit can still be used with FHA, but if your not buying right away, it may be a good idea to try to open up an account or two. Just remamber they really won't count till they have been open for at least a year. Good luck!