Home Buying in Edinburg>Question Details

Letty1982, Home Buyer in Edinburg, TX

would i be approved for homes in this site if i am in bad credit?

Asked by Letty1982, Edinburg, TX Thu Jun 9, 2011

Help the community by answering this question:


You need to speak with a local lender to find out if your credit, assets and income are enough to qualify to purchase a home.
0 votes Thank Flag Link Thu Jun 9, 2011
You will want to speak with a knowledgeable lender or broker to see if and what you need to do to qualify. Lenders are stricter than ever now and if you cannot qualify you should look to find a person who will work with you and coach you to do the right things so you can qualify as quickly as possible.

Best of luck to you.
0 votes Thank Flag Link Thu Jun 9, 2011
If you have poor credit best resolve those issues most lender have a 625+ required credit score, approx. 3.5% down payment much more for requirements

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
0 votes Thank Flag Link Thu Jun 9, 2011
No matter where you look to purchase a home having good credit is a primary factor to success. You can't change the past but you can begin today to start rebuilding your credit. The number one way to do this is to begin paying your bills no later than their due date. If you can't pay it in full then at least pay the minimum. Begin looking at your credit card bills and concentrate on paying down those with the highest interest rate first. Stop adding to your debt and get in the habit of only paying with cash. If you can't buy it with cash, don't buy it. If you have cable, cancel it and for the next few months use that money to pay down your other bills. Check with the local County Services and see if they offer a class in rebuilding your credit. If they do take it! Slowly but surely your credit score will rise and eventually you will be able to buy a home anywhere you want!
0 votes Thank Flag Link Thu Jun 9, 2011
Yes, I am afraid so. Call us so we can help you out.
0 votes Thank Flag Link Thu Jun 9, 2011
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