Home Buying in Union City>Question Details

skittles10.sm, Other/Just Looking in Union City, TN

i have never purchased a home and have no credit at all and i am a single parent what is the best thing to do to buy a home

Asked by skittles10.sm, Union City, TN Mon Sep 26, 2011

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3
Skittles,

Buying a home is a great idea ... a stable place to raise your child.

You will have to establish good credit first. And begin putting a little money
aside on a regular basis to cover closing costs when you are ready.

I believe Capitol One has a credit card that's great for beginners. Put in
$500 at the beginning of the month / use your card for a few small purchases,
then pay it off at the end of the month.

It's a good idea to speak with a lender or your bank about just how to go
about building credit. If you have met a Realtor you like, he/she can point
you toward some lenders.

Best of Luck,

Marita Topmiller
1 vote Thank Flag Link Mon Sep 26, 2011
Hi, You will have to build some sort of credit before the banks will lend you any money. You might have to apply for a secured credit card, Bank of America has them.

Chris
0 votes Thank Flag Link Mon Sep 26, 2011
Save some money and build your credit.
0 votes Thank Flag Link Mon Sep 26, 2011
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