Everything has changed!!!!
I hope Yvette, your credits have gotten better and you were able to buy a house that you qualified for or are still renting because of your situation.
yes there are ways to buy a house with your bad credit, however be prepared to put down a larger percentage of a downpayment . My best advise would be to talk to a mortgage broker who can help you with possible options.
If you dont have anyone to talk to, shoot us an email and i would be happy to refer a few brokers to you to choose from.
LA Real Estate Group
I specialize in Under 640 Fico Score Loans and offer credit repair at no cost to raise fico scores to qualify. If your fico is below 580, you will need 10% down so let's look at the whole picture and see what needs to be done to qualify for a mortgage. Do you have down payment and closing costs saved? If not, this CHF ACCESS program will be a great option.
Here is a flyer and needs list to gather for processing a loan approval.
CHF Access half percent down flyer, pdf
Sheryl Arndt, standard needs list checked, pdf
Why Rent brochure
CHF Access income limits http://tinyurl.com/8lzf8he
Sheryl Arndt, Real Estate Broker â€“ Sr. Loan Officer
REO & Short Sale Specialist
20+ Years Experience
Instead try to work on improving your credit scores, and applying for a home loan once you get your scores to at least the FHA min score.
Best of luck to you!
Kawain Payne, Realtor
It is hard to get you a straight forward answer without looking at the whole financial picture. My lender Mitch Waldstein at Platinum Capital can help you. He has helped previous clients of mine with less than perfect credit. He was even able to help raise my clientâ€™s credit so they could qualify for a better loan. He will tell you that credit is one thing, lenders will also look at income and your savings. He does these great spreadsheet that will estimate your monthly payment and closing costs so that youâ€™ll know exactly what you are getting into. Mitchâ€™s email is firstname.lastname@example.org.