First fix your credit score. No late payments for a year. No credit card balances over 30% of the max borrowing limit. Don't close any credit cards. Get a free copy of your credit report and fix any errors https://www.annualcreditreport.com/cra/index.jsp.
Loren Hoboy Realtor
Central AZ Real Estate
When you say Poor Credit are you stating that you have very little or bad?
The Lender I work with, provides one of the best home purchase program in America. They provide FREE personalized and comprehensive counseling to Members to address your particular credit and financial issues and help determine a mortgage payment that you can afford. The counseling and underwriting criteria are â€œcharacter-basedâ€ and not based on credit scores and ratios. This enables them to fulfill their mission of assisting working people like you who otherwise do not have access to affordable credit. Consequently, the vast majority of the Members are low- to moderate-income many of whom have neither perfect credit nor substantial savings.
While they provide everyone with mortgage options, they also provide one extraordinary mortgage product! The mortgage is unique in that everyone that qualifies receives the same incredible terms, which makes homeownership affordable, and you do not need perfect credit.
â€¢ No Down Payment,
â€¢ No Closing Costs (The Lender pays them and does not include them in the loan),
â€¢ No Lender Fees,
â€¢ No Pre-Payment Penalty,
â€¢ No Mortgage Insurance,
â€¢ No Perfect Credit,
â€¢ Fixed 30 year below market rate at 3.25% as of 7-10-12
If you would like to more about this program please contact me.
Have a GREAT day!
Vivien L Biggs PLC
Prudential Arizona Properties
Check MLS for homes on my website
Best route to take is fix your problems, get a good budget working for you and then buy a home. Freddie Mac publishes a good budget form; it even has their logo on it. Talk about a good piece of support documentation to submit in a loan application (underwriters like official looking stuff like this). If you can't find it and want a copy shoot me an email and I'll send it to yoy, good luck,
NMLS # 6395
Financing Kentucky One Home at a Time
but when 2 out of three are bad, you will be climbing up a sand hill.
There may be a Lender out there who will work with you;
be prepared to pay a premium interest rate.
Good luck and may God bless