You should contact a experienced mortgage loan officer who can review your income, credit... and find out if you are able to get preapproved for the purchase of a home. If your credit score is not high enough to preapprove you for a loan, the loan officer should be able to review the credit with you and determine what needs to be done to put you in a position to purchase a home. This process is no cost to you.
Keep in mind that putting your grandmother on the loan with you will only help if your income is not enough to support a mortgage. Her having excellent credit does not offset your lower credit score.
If you have any other questions, please do not hesitate to contact me at the below phone number or email.
Nick Nelson (NMLS#384413)
Mortgage Loan Officer
1st Step Mortgage Group, Inc.
6876 Spring Creek Road, Suite 124
Rockford, IL. 61114
815-289-0880 - Phone
email@example.com - email
Just remember that a credit report and a credit score are two different requests.
Save your money - you need a down payment
Credit - pay off collections
Get yourself preapproved from a lender. The lender will tell you whether you qualify on your own or if you need grandma's help.
Feel free to contact me should you need any assistance.
Bill J Deligiannis
First Centennial Mortgage
As previously pointed out the only way to know where you stand with your credit is to work with a lender that can tell you what your credit score is.
Another benefit to do this is if the lender discovers credit issues he/she can address them and work with you to get the issues resolved, no charge.