Home Buying in Missouri>Question Details

lilhoney1984, Home Buyer in 64030

I'm a first time home buyer with bad credit . What steps do I need to take to buy the home I'm already living in?

Asked by lilhoney1984, 64030 Sun Dec 30, 2012

I'm currently renting and the owner wants to sell.

Help the community by answering this question:

Answers

2
First, you'll need to talk to the owner to see if he'll be willing to provide you with seller financing. If he's ok with that, then you'll just need an attorney to draft up the terms of the sale. If he's not ok, then you'll just have to start looking for another place to rent when the owner sells.
Web Reference: http://www.archershomes.com
0 votes Thank Flag Link Sun Dec 30, 2012
It really depends on your definition of "bad credit". talk to a reputable lender(and I can give you names). Most owner financed deals, the owner wants quite a bit of down payment. Let me know if you have some more questions.
0 votes Thank Flag Link Sun Dec 30, 2012
Can you please give me the names of some reputable lenders?The house owner doesn't want to do owner finance.
Flag Tue Jan 1, 2013
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