Home Buying in Corlett>Question Details

Helenesabine, Home Buyer in Cleveland Heights, OH

i want to buy a house 62000 i have about 5000 saved my husband and i have a monthly income of 4500 bad credit we need a loan and that house

Asked by Helenesabine, Cleveland Heights, OH Sun Dec 11, 2011

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7
We admire your grit. While rebuilding your credit, would you consider a starter house, 2 bedroom, 1 bath? We have a few like that in the Cleveland area. With your $5000 downpayment we can probably develop a program that works for you based on your stated monthly income. Although the home would be substantially less expensive than what you are proposing, our programs are designed to get you free and clear home ownership in a 2-5 year period, not 30 years. No credit check. We finance directly. Once you own the home outright, you will have equity to use, if you choose, to upgrade to a larger house or expand the one you are in. If you maintain a good payment history, your credit score will also improve dramatically.

Call 917 576-9748
0 votes Thank Flag Link Wed Jan 8, 2014
Contact me for owner financing properties available or more info about your borrowing power! AVAILABLE 24/7
0 votes Thank Flag Link Tue Sep 25, 2012
Good morning Helene,

I'm not sure what you consider "bad credit." Best to meet with a Local Mortgage Banker to get prequalified. If your Mortgage Banker feels your credit is insufficient to qualify at this time, then you'll get advice on how to improve your credit so that you can prepare for the homeownership experience in the future.

Trevor Curran
NMLS #40140
0 votes Thank Flag Link Tue Sep 18, 2012
NACA.COM GREAT PROGRAME 3.5 % NO DOWN PAYMENT NO CLOSING COST OFFICE IN ON THE EASTSIDE BEHIND GULUCHIES ON 6555 CARNEGIE AVE 216-619-4110 ASK FOR RENA COOPER HAVE A BLESSED DAY KATHY
0 votes Thank Flag Link Mon Sep 17, 2012
If you are willing to work at it, it is very rare that anyone's credit is so bad that we can't work at it and get you into a home within a year. Even though the minimum credit score is much higher than it used to be (580 now), it is still very possible to make some minor corrections and get you up to where you need to be relatively quickly.

Feel free to call me if you'd like to get started!

Mitch McFadden
Senior Loan Officer
Top Flite Financial
216-780-2776
0 votes Thank Flag Link Tue Jan 24, 2012
Helenesabine,
If you have bad credit that means you do not pay your bills on time. 1/3 of the mortgage approval is willingness to pay which you don't have. Work wit a credit counselor at your local non profit housing group to get your credit in shape. Then you can buy.
0 votes Thank Flag Link Tue Dec 13, 2011
We'd be happy to help. We have the best financing connections out there and if it's possible for you to get a loan, we'd be able to help you find it. Contact us anytime to discuss your details further.

RE/MAX NE Ohio
Cecilia Sherrard & Andrew Ginter
440-781-8737
Web Reference: http://www.YouShouldOwn
0 votes Thank Flag Link Sun Dec 11, 2011
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