Home Buying in 07502>Question Details

Delia Jamison, Renter in Paterson, NJ

I would love to buy a 2 family home, but my credit ratings aren't high enough. I don't owe any money it's just that I don't have much credit history.

Asked by Delia Jamison, Paterson, NJ Wed Aug 1, 2012

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7
Elizabeth Garcia’s answer
Hello Delia,
Contact David Quinones from Flagstar Bank he just approved one of my clients with no credit and a couple collection accounts for a mortgage. The clients did not think they could qualify for a Mortgage because of the collection accounts but they did and they are now under contract to buy their dream home. http://www.flagstarloans.com/dquinones or http://www.askDQ.com you can also get just listed homes in your area by visiting http://www.NorthJerseyHouse.com Feel free to call me with any questions you may have. Elizabeth Garcia Broker/Manager/CDPE Coldwell Banker
1 vote Thank Flag Link Wed Aug 1, 2012
Delia I work at Clifton Savings Bank, we do not have any Credit Score Requirement

As long as you have a job & good income & can put 5% down on a 1 family house

Call me Francisco 1-917-547-9298
0 votes Thank Flag Link Thu May 23, 2013
Delia I was just in your position and now i am unpacking in my new home. I can pass along their contact info if you want. Text me your email at 347-423-5860.
0 votes Thank Flag Link Tue Sep 25, 2012
Doing something as simple as opening up a charge account with Capital One or Orchard Bank (owned by Capital One) and paying it off each month will help you establish credit. Just be sure you don't miss a payment.
Web Reference: http://www.dianeglander.com
0 votes Thank Flag Link Thu Aug 2, 2012
Delia,
I just realized that I don't have the first time home buyer guide up on my blog anymore. If you email me I can send it to you. It is very detailed so don't get overwhelmed.
ryanjmcpartland@gmail.com
0 votes Thank Flag Link Wed Aug 1, 2012
Delia,
I have extensive knowledge about credit profile improvement techniques. I am not a credit repair guy, I am a mortgage pro who has had more than 10 years experience dealing with this type of scenario. I can definitely discuss your scenario and provide you with some feedback on what you need to do to get you in your 2 family house from both a credit and financial requirement standpoint. If you click my picture you will be brought to my profile where you can then click on my blog. My two most recent big entries are regarding credit issues and how to fix them. I also posted a very lengthily first time homebuyer guide if you back to my first blog post. Some of the stuff in there is dated like the tax credit, but the majority of the info should help you feel more comfortable as to what to expect during the home buying process.

Email me to set up a time to talk if you would like me to give you a hand.
Ryanjmcpartland@gmail.com
0 votes Thank Flag Link Wed Aug 1, 2012
Delia, speak with a mortgage professional that can discuss your financials with you to see if
you may qualify for a home loan. If you don't qualify now then the lender can best advise you on ways to improve your credit so you may qualify at a later date.
0 votes Thank Flag Link Wed Aug 1, 2012
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