I have 2 credit repair specialists on my team. If you want to give it a shot, let me know. No charge to talk to me about it.
I grew up in Gloucester so I know how you feel. Keep your vision of living there and what it would be like in your mind everyday and follow the steps in the links that these agents have recommended one at a time. Don't be overwhelmed, approach it step by step. Gloucester will wait for you.
@ Chris, Getting a co-borrower with good credit will not offset your poor credit.
I definitely think you should talk with some mortgage brokers to see what they say. I can recommend one in the area if you are interested.
Another thing you can try is to look for lease options. They are not easy to find though and at the end of the lease if you are still not in a position to buy it won't really help you.
Could you buy a 2 family with a friend or relative (each of you live on one side)? If your friend has good credit it might help you out.
Another thing to check out is government sponsored down payment assistance programs to see if you qualify for any sort of assistance.
Also, check out the Gloucester Housing Authority and see if they can help you at all.
Just a couple random thoughts....it's not often that certain "feeling" comes along so I would love to see you get that house......
- Do you have anybody that will co-sign a loan for you?
- Occasionally, the sellers are in a position to "assist with financing". You never know until you ask....
- And for the obvious.... HAVE you recently spoken to a mortgage consultant? Your credit might not be as bad as you think. At a minimum, you will find out what you need to do to get your credit to where it needs to be!
Good luck...and don't let this one get away!!!
RE/MAX Signature Properties
Once you understand what needs to be addressed research good credit counselors. There are many that are low cost , some that are no cost but you do need to do some homework.