As far as the offer amount goes, he can offer whatever amount he likes but he has to keep in mind the seller does not have to accept it. If he wants to offer 64,000 he should look for homes in that price range.
please let your neighbor know, that he needs a credit score of at least 640. I would be more than happy sharing with him some info about ways to improve or even establish a credit. I can be reached at 954.695.4849
As far as making an offer on a property. As soon as he knows, the amount he would be approved for a mortgage loan, I would recommend getting a Realtor (at no cost to him) who can guide him through this negotiating process to make an offer that has a good change of getting accepted.
Also there are some county programs for lower income that will provide downpayment money. The credit needs to be in an acceptable range, though. He should contact Wells Fargo and specifically ask about down payment assistance programs.
He can offer whatever he wants on the property, but should be fair in his offer if he wants to be taken seriously.
Hope it all works out.
In this days is difficult to work a loan, and you or your neighbor need to proved everything at their application, even at the time of closing, Now He state there is not C.C debt But He use credit cards? he is doing any type of installment payments to improved their credit? Do they paid the medical bills? or they are sitting there at the collection department to be paid.
It is so kind from your side Helping you neigbor, but for what you just said He need to review and improved His credit and you may look at your credit maybe you can qualified for a loan better than your neigbor and get a nice house out there.
I whish you good luck if you need anything send me an email.