Home Buying in 19095>Question Details

marythaval, Home Buyer in Abington, PA

What are the options for 1st time buyer with not great credit but good downpayment. Our rent is 2200. Rent to buy?

Asked by marythaval, Abington, PA Tue Oct 9, 2012

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4
Marythaval,
Looking forward to hearing from you!
Emily Landis Torres
RE/MAX Central
Direct: 267-640-2327
Office: 215-326-2260 ext 1793
Emily@emilyshomeinfo.com
0 votes Thank Flag Link Tue Oct 9, 2012
Thank you. We are looking for a good agent that can guide and help me.
0 votes Thank Flag Link Tue Oct 9, 2012
Marythaval,
A good option is FHA 10% down that lends to a 560 credit score. Contact me and I'll show you how! I specialize in buyer representation.
Emily Landis Torres
RE/MAX Central
Emily@emilyshomeinfo.com
Direct: 267-640-2327
Office: 215-362-2260 ext 1793
0 votes Thank Flag Link Tue Oct 9, 2012
Define bad credit. It may not be as bad as you think. I would recommend you talk to a local mortgage banker, not a big bank but someone local who specializes in writing mortgages. I work with Annie Mac Home Mortgage and have found them to be excellent. You may find a different company but that is the kind of lender I recommend. Let them look at your entire situation and tell you what you can do today, what kinds of programs there are, and if not today, then what do you need to do and how long will you have to wait in order to buy. If the time frame is too far out, then rent to own may be an option, but find out ALL your options before making that decision.

Oh, and if you don't know of a good lender, call a realtor and ask to be referred. Realtors know who in the area is good and can get the job done.
0 votes Thank Flag Link Tue Oct 9, 2012
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