Hi Elisa,

Contacting a lender who can help you review your credit rating with available loan programs will help you understand where you stand. In addition a lender will be able to run a scenario with a co-signer. Your credit rating will still come into play, even if there is a cosigner.

I can highly recommend Chris Hudson. He is extremely knowledgeable and thorough. He can help run a couple of scenarios to help you understand what you would are would not be able to purchase. He can be contacted at 925-429-5226 or by email at chris@MyHomeLoanPlan.com

Lisa Cartolano
Alain Pinel Realtors

Your best bet is to speak with a local lender and let them look over the scenario. I highly recommend Linda Grassi, a mortgage broker in CA......she can be reached at 925-824-4848. She can advise yiou on the best way to proceed.

Your bad credit will still count even if you have a co-signer. You would be better to have the person(s) to buy the property for you. You can pay them direct monthly . You can take the interest writeoff or you can split it with the persons.Depending on your credit you may be able to buy together on FHA financing as they really don't go by the credit score like conventional does for loans. YOur best bet is to contact lender and see, instead of wondering. You do nopt want to miss out on the market and interest rates. FHA has programs with not down or closing costs using Seller's assistance. Feel free to contact me,I have been in real estate for over 20 years, at 602-438-1088 or judyzrealtor1@cox.net