Home Buying in West Mifflin>Question Details

Joyce, Home Buyer in West Mifflin, PA

can i still buy a house with bad credit?

Asked by Joyce, West Mifflin, PA Thu Jun 14, 2012

im a single mother with 3 kids and ive been renting for 3 years can i still buy a house even though i have really bad credit?

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contact me at RitaBrink@PrudentialPreferred.com with your information and I can help you get in touch with a mortgage professional that can help explain your options. You may want to look into an FHA mortgage
0 votes Thank Flag Link Thu Dec 5, 2013
My credit score is below 620. Iam disabled, my wife works and we need a home 3 bed and 2 bath in Pleasant Hills, Pa. A home that meets the requirements in West Jefferson School District would be considered. Moved from Georgia 1 /2 years ago. Love the area want to live and raise our elementry school children here. can anyone help?
0 votes Thank Flag Link Wed Oct 30, 2013
Most sellers want to see $1000-$2000 in hand money, but there is really no set amount of hand money. Down payments vary by lender, from 0% for Rural Development loans to 20% for a conventional lender. Government listed homes are usually being foreclosed on or are in government inventory. The foreclosures require 10% down at the foreclosure sale, with the balance due in 30 days. Homes in government inventory have different rules, depending on whether a home is "habitable" or "non-babitable". In those cases, it is best to contact the government agency. Government agencies will require good credit for financing.
0 votes Thank Flag Link Mon Jun 18, 2012
if i was interested in a home that was 25,000 how much do you have to put down? and its gov listed?
0 votes Thank Flag Link Mon Jun 18, 2012
If you are interested in southwestern Westmoreland County, I might be able to point you to one. Just send an email to me at: Virginia.Stump@remax.net.
0 votes Thank Flag Link Thu Jun 14, 2012
thank you my credit is definitly below 620 .ive been trying the rent to own situation but i can never find anything out there but htank you ill keep trying.
0 votes Thank Flag Link Thu Jun 14, 2012
Hello Joyce, I recommend that you find out what your credit score is. It might not be as bad as you think. However, if it is below 620, you should contact a reputable credit counseling organization, such as Advantage CCCS (http://www.advantageccs.org). They will help you correct your credit situation. When you buy a house, you want to be able to make the payments, pay the taxes, and afford the maintenance. I wouldn't advise rushing into a home purchase, if you are having other financial problems. Another option to consider is rent-to-own, especially if you are paying your rent payments on time. Try estates, for-sale-by-owner, or homes that have been on the market a long time.
0 votes Thank Flag Link Thu Jun 14, 2012
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