or 866-990-7827. Many of my buyers have obtained FHA loans with 100% financing and ask the seller to pay for closing costs. Another lender is Gold Star Mortgage Financial Group, Jeff Ballard at 877-301-7912 x1100.
I would be happy to answer any other questions you may have about purchasing a home in this area. Our office is located in Port Charlotte.
Tammy Hayes, Realtor
RE/MAX Palm Realty, Port Charlotte
Jessica Coleman P.A
Allison James Estates & Homes
Direct: (941) 249-2366 (you can send me a text also)
Leonard Hughes-Realtor 941-786-8487
Green Lion Realty
493 Barger Dr, Port Charlotte, FL 33954
There are several, I can give you some names if you would like.
There are a number of dangers you open yourself up to when you start looking for the rent to own deals. the probability of being taken advantage of is pretty high because the investors offering those know your options are limited if that is what you are looking for.
Jim Sweat, ABR, CRS, CDPE, GRI, e-PRO, ILHM
Author of REAL ESTATE CSI: CONTROVERSY, SECRETS & INSIGHT (availalable early 2013)
American Realty of Venice
A Proven Professional Working for You!
18 Years Experience
Private Lenders, such as Sellers who do Lease/Options, do not report to credit bureaus.
FHA can be a little flexible, and they can use your DTI to determine your eligibility.
Keep working on your Credit Rating.
Best of Luck!
I think of credit the way I think of an ankle. If it's strained, it needs to be rehabbed before running on it. Buying a home requires healthy credit, the way a marathon requires a healthy ankle.
Rent-to-own is kind of like pretending to buy a home - you put up a sizable down payment ("option money,") you pay a premium on top of the rent (for the "option,"), and then, when your credit is good enough to go out and get a loan to finish the sale - you realize that you now would have so many homes to choose from, if you didn't sink so much money into this loser rent-to-own place.
So. Fix your credit, then buy a house like a real buyer!
All the best,
Coral Realty, LLC