Financing in Alpena>Question Details

manb125, Home Buyer in Alpena, MI

Due to a divorce i have really bad credit, however i have a cash for a down payment.Will anyone give me a loan?

Asked by manb125, Alpena, MI Thu May 10, 2012

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Manb125, how bad is bad??? How was your credit prior to your divorce? Can you show a time line that will make sense to an underwriter? There are definitely minimum score requirements no matter what the reason for poor credit but as long as your scores meet those minimum score requirements and we can document the reasons for recent credit blemishes...that would not be a problem. I would be happy to discuss your situation further, feel free to contact me at any time.
0 votes Thank Flag Link Mon May 14, 2012
For a personalized answer, visit with any local licensed loan officer; much will depend on just how poor your credit is, income, debt, etc.
0 votes Thank Flag Link Thu May 10, 2012
Manb125,
It depends upon how bad is bad, how much of a down payment you have and your income.
0 votes Thank Flag Link Thu May 10, 2012
You should probably consider renting an apartment until your credit improves.

Madhu Oberoi
248-875-6739
madhuoberoi@hotmail.com
0 votes Thank Flag Link Thu May 10, 2012
Doesnt seem to be an option in Alpena since i'm in need of 4 bedrooms and i have pets.
Flag Thu May 10, 2012
You should probably consider renting an apartment until your credit improves.

Madhu Oberoi
248-875-6739
madhuoberoi@hotmail.com
0 votes Thank Flag Link Thu May 10, 2012
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