Hello Tschelle,

Make sure you go over his credit report with a fine toothed comb. There might be some errors or items on his report that might be able to be cleaned up and raise his credit score. Also there might be smaller past due amounts, (i.e. old cell phone, utility bill) that can be cleared up and help his score. You might want to sign up for department store credit cards, or even secured credit cards that will help you build your score.

Also, if (big if) a bank does approve you for a loan at a higher rate remember you can refinance once you've established great credit.

I have a lender you can speak to that is off of Garrity Exit..let me know!
tvhomes4you@gmail.com
Kristin Laurandeau
Market Pro
409-8892

Tschelle,

You really need to get in touch with a lender that can sit down with you and go over your credit and what it will take to make home ownership a reality. There are great lenders out there that will help you do that. That is the best place to start because they will tell you if you qualify now and if not, what you need to do to make that happen and how quickly they feel you can start looking for a home. If you would like names of lenders to talk to, I can help you with names and phone numbers to get the process started. The first step is making the call. Good luck and let me know if I can be of any help to you.

Tschelle, if you truly have NO credit rating, then your income will not be able to be counted toward qualifying for a loan...it would have to be based on your husband's income only. I see that you're in Nampa. If you'd like to be connected to a fantastic lender, give me a call or email me and I can refer you. She can work with you to tell you exactly where you stand, and walk you through the process of establishing and improving credit if you don't qualify now. Owning versus renting gives you great returns at tax time, so I'm glad to hear that you're looking into buying. The previous agent made a good point regarding a possible lease purchase. Feel free to log onto my website at Juanita.Listingbook.com we can set you up to see lease purchase possibilities.

It all depends on the lenders. Most banks are looking for at least a 620 credit score. I would talk with a local lender and see what you can do to improve your score. If you find one that has some times they may be able to tell you what they look for and what areas could help you the most.

You may be able to find someone that is willing to do a Lease Purchase. A good combo would be tlaking to the lender and improve your score and do a lease purchase for that home.

I hope that helps.

Patrick