I have a mortgage broker who specialized in hard to do loan cases. She also is excellent with improving credit ratings.
As to the house, I work to find the house you are actually looking for to fit your situation, regardless of price.
If you want no-nonsense advice on your credit / loan capabilities, let me know. If you want to just talk about the houses that you could purchase, let me know.
Of course, there's not enough information here, starting with what costs $50,000 and how do you intend to pay for it? What it is dictates with whom (or what organization) you'll be dealing. The "how" might be affected by what kind of residence it is. What kind of cash-on-hand do you have to put toward this purchase?
I would be really happy to answer your questions but I would like to make sure I understand your posisition, Are you strictly looking in Ocean Grove? Are you talking about putting down 50K or buying a home out right for 50k?
As far as your credit not being established I have a quick easy trick for you. Get a credit card, even if it is a pre-paid one. Use it once a month and when you recieve the bill pay it off in full and on time, do not carry a balance. You will be a super star with the credit raters in no time!
Hopefully we will chat again, Jenine
You don't need to have your credit checked if you happen to be a cash buyer and don't need a mortgage. However, I don't know of any homes for sale for $50,000 in the area. Sometimes there are lower priced coops or mobile homes but even if you are a cash buyer you will need to have a credit check to be approved by the board just to be approved to purchase one and live there. I'd suggest you speak to a local mortgage company or a bank you deal with and tell then your situation. They can do an on the spot pre approval for you and tell you how to establish a credit history in good standing so that you can buy a home in the future.