Home Buying in 02780>Question Details

Karla, Home Buyer in 02780

Can my parents get a loan, cuz my husband & I have bad credit and we live in the house they purchase?

Asked by Karla, 02780 Mon Nov 3, 2008

Help the community by answering this question:


Ken Lambert’s answer
Hi Karla- I'm a local lender, and yes- you're parents could do that under the proper circumstances. If it is a single family and they are not living there, they would have to get into it as either a second home or an investment property. If you would like to review your particulars, please let me know.
Thanks, and good luck,

Ken L.
0 votes Thank Flag Link Mon Nov 3, 2008
Yes your parents could get a loan, purchase the house you are living in and you pay the mortgage or pay them rent. By all means if they have good credit you would be fine. contact a local and trusted mortgage broker to get them pre approved. stay away from the internet lenders. good luck with working things out.
Web Reference: http://www.ScottSellsNH.com
0 votes Thank Flag Link Mon Nov 3, 2008
Yes. I have done this through the years for many people. I don't know your full circumstances, but a quick phone call to me and I can get you answer today. 877-282-5789 Fred Glick
Web Reference: http://fredglick.com
0 votes Thank Flag Link Mon Nov 3, 2008
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer