Best of luck.
There are over 20 ways to fund the purchase of a home. One of them is to use a big box lender.
Your situation must be reviewed by a pro who has experience with multiple funding strategies and has the skill to create the contract that protects all parties involved.
The start of the conversation with the resource that will provide a solution for you should should sound like, "How many funding strategies do you have experience with?" If everyone is pulling water from the same well you can not expect a different outcome.
When you have identified the right solutions provider, you need to demonstrate you are serious by picking up the phone and calling.
No, don't use that 'contact' button.
No, don't use Trulia email.
Go old school and call......only if you are serious.
Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, Fl
(Chyna) Brenda Weems-Hunter
Obtaining a traditional loan may be difficult, the first step is speaking with a local reputable lender in the area you are planning to purchase. Sometimes people feel that they have "poor credit" but the credit is sufficient for obtaining a loan.
An untraditional option is to find a seller willing to enter into a Lease Option - in the Antelope Valley area we have several Lease Option properties available. This is an active link to currently listed Lease Option Properties:
With a Lease Option, you make a large downpayment, a portion of your monthly housing payment is considered rent and a portion is credited towards your future house downpayment.
House is listed for $100,000 - owner has no loans, owner accepts a lease deposit of $10,000 (will be credited towards your future purchase of home), buyer makes monthly payments of $750 - $500 is rent and $250 is credited towards your future downpayment. Typically term is anywhere from 18 months to 36 months. You've basically agreed to purchase the home on the installment plan. Everything must be in writing, a proper contract executed and you will need to keep track of your monthly payments. During the term you will need to actively work on your credit to get it to the point that you can obtain a loan and complete the purchase of the home. A good local lender will work with you and assist you in creating a future loan purchase plan.
If your interested in sitting down and finding a creative solution, I'm interested in assisting you. Let me know how I can help. Have a great evening.
Tamara Stoebe, REALTOR/Notary
GRI, e-PRO, CHS, QSC
DRE License #01827461
Prudential Troth REALTORS
1801 W. Ave. K
Lancaster, CA 93534
Fax (661) 422-3006
Call me and I can direct you to a local lender that can get you started, be it to purchase a home or to correct your credit.
Don Gockel, Broker