Hello Angie, you did not include an address or link to know what property you are referring too? If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment you are looking to achieve and you can be emailed listings to fit your search criteria.
You should study RENT vs BUY options as you may qualify to buy with minimum out of pocket expenses and pay less than rent in many cities. The rentals start from $895 in Lynwood 90262 for 1bd 1ba condo and up and the pet policies vary from rental to rental in which you can pay a pet deposit for pets. The purchase start from 140k for 2bd 2ba single family home in Lynwood 90262.
You may qualify FHA with fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down or as low as .5% half percent down payment program. You may consider 3% down conventional from a minimum 620 fico score. It only takes a few dozen questions to qualify, go over your options and email you listings to study and compare. Here are some blogs to study such as RENT vs BUY, Which loan is right for me, Down payment and closing costs hurdles and Pre-approval in minutes.
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
REO & Short Sale Specialist
Credit Repair At No Cost
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Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com
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When the loan is recorded doesn't make a difference. You are not getting the loan for improvements overnight, and if you are thinking about a home equity loan, you are going to have to prove you own the property. What are the details of the purchase? What is the purchase price of the property, and how much is your loan for? You are going to have to qualify to begin with, so whether you deed and mortgage have been recorded is not the issue here.... more