Brian Young 214-797-3479. NMLS#902687
My recommendation is to speak with an honest and competent lender. You would be surprised of how valuable these professionals are in not only securing a loan but in helping individuals build their credit scores.
One of the best is Clayton Porter with Eagle Home Mortgage. Here is a link to his Free app:
It will allow you to run scenarios based on you individual needs and situation. It also contains all of his contact information.
If you have any other questions or would like more information feel free to contact me.
Rich Pinckney//Associate Broker
Realty ONE Group Premier//720.744.2670
Rich.email@example.com / http://www.richpinckney.com
Explore your Market with a free app: Text ROGTRC8 to 87778
I suggest you just rent for awhile. Find a lender you feel comfortable with. Sit down and make a plan. And then do it. One small step leads to large movements. You can do it. (Realtors usually have lenders that they work with) (You can also ask some of your friends for names of lenders they liked)
I know this isn't what you want to hear, but it's where we are at this time in America.
Keep reaching for your goal of home ownership. It's like money in the bank. And it won't take as long, if you get started now.
I am sorry to hear about your situation and to be the bearer of disappointing news. Both VA and FHA financing will accept a FICO of no less than 620. Even conventional financing is much more challenging than it used to be, now a days usually requiring more than a 600 FICO.
Under normal circumstances there are things you can do to improve your credit score in as little as 6 to 12 months, however you stated that you need to move soon.
I have a lender I refer my clients to who may be able to advise you and has been extremely successful assisting credit challenged folks in repairing their credit and purchasing a home, however credit repair takes time.
Brian L. A. Wess
CRS, GRI, ABR, ASR, CSR, e-PRO
RealtorÂ®, Broker Associate
Residential & Investment Specialist
Pat Newell & Associates, Inc - Metro Brokers
Colorado Springs, CO
COLORADO REAL ESTATE...DONE RIGHT!â„¢
So sorry to hear about your situtation. Many people are in the same boat. The good news is that bad credit can be repaired. I suggest you sit down with a reputable lender to discuss your situation and they can advise you on what items you need to take care of to clear up your credit in a timely manner to help get you moved as soon as possible. The lender I use is awesome in helping many buyers to clear up their credit and purchase a home. I am happy to give you my lenders name and just ask that you would let them know that I referred you. Once you have spoken with them then I will follow up with you to see how I can assist you in getting moved. Have a great day and God Bless.
Keller Williams Hope Realty
Soli Deo Gloria
Lots of our Buyer's were turned down by most lenders but ended up purchasing homes using Freedom Financial and down payment assistance programs. Let me know if you need some contact information.