I will be happy to help you and cover your options.. Go to our site http://www.thelendersnetwork.com fill out the home loan application and let's get to work!
The Lenders Network
Best of Luck,
Century 21 tenace
If you have a history of late payments stretching back every month for 2 years, only time will cure that problem by paying on time for at least 14 months on every single account you have.
Errors do occur on credit reports, and you might have some paid off collections or errors that can be removed by proper documentation within a matter of days by paying a small fee. Without paying the rapid fee you'd have to wait about 6 weeks to clean them off.
If you can't clean up your report within your timeframe, then some banks (not the biggies) will lend you money if you have 50% down payment. A few will do it for less, but typically 25-35% down is required.
If your score is or can be cleaned up into the 580+ range, then you can qualify for FHA if you don't have some prohibited history items, like foreclosure within 5 years and so on. A loan officer can advise you.
If all of these approaches fail, look for owner-financed properties. They will ask for at least 8-10% down and charge an above-market interest rate, but at least you can buy. Once you own the property, work on clearing up the killer items on your credit report and re-finance later to a lower rate. Hopefully, the rates will be low when that time comes.
Brent Rice, Top Recommended Broker
The Rice Group, Inc.
There are several lenders that will work with you if it is a few simple solutions to correct your credit or you may need to go through a credit repair company. If you do need a credit repair company it is good to go through one that works with the lender so the two can work together to get your credit where it needs to be.
Most importanly find a lender that you feel comfortable with and can trust will be honest with you and give you solutions. There are alot of lenders that will just deny you and keep going. There are also alot of lenders that will explain why they can't do the loan at this time but can give you solutions so you can work on the items yourself which would save money if you don't actually need credit repair.
There are several lenders that will work with buyers that have less than perfect credit. You do need to be careful though and ask lots of questions because sometimes you can get into a loan that may be designed for clients with poor credit and it may not really be a good idea, high interest rate or additional points or extra money down, which may actually be determental to your over all credit status in the long run. A Foreclosure is one of the most damaging things that can happen to your credit, sure you can eventually recover from it but better yet do everything in your power to be smart about the home purchase in the first place and don't buy more home than you can comfortably afford.
I would be happy to disucss this further with any one interested. I work for a lender that can get alot of loans closed that other lenders deny. We have in house underwritting and fund our own loans which also helps for those special situations that might need extra consideration all the while offering extremly competitive rates and several loan options with little of no money out of pocket. Be smart, this is a huge step, make sure you understand every aspect so you don't end up damaging your credit even further! Good Luck!
William Davis Realty
Best of Luck,
Century 21 Tenace
No one can help anyone in this situation if they are willing to assist in fixing the credit issues. Furthermore, I work with some great lenders and I would certainly be willing to refer people in this situation to one of those lenders to see where they stand; from here, we can consult a "true and reputable" credit repair company to see how they may be able to assist.
Lastly, there are things a person can do on their own to get the ball rolling and one of those is to pay down their debt.
Let me know and I'll forward his contact info to you.
cell# 214 966-2100