Since you have 10 years rapport with your landlord, you may want to talk to him about Seller Financing (Seller Carrie Back). Since he has history of you paying him rent for the past 10 years, perhaps he would consider selling you the home and financing it himself. It would be a win-win situation: you would be able to stay in the home and he (she) would be able to earn income by financing your loan. It may be a worthwhile discussion to have!
Amy O'Rear, REALTORÂ®
2680 S Val Vista Dr, Suite 101
Gilbert, AZ 85295-1606
Talk to Kelly Zitlow at Cherry Creek Mortgage, 480-398-4908 or email@example.com
This could be a golden opportunity for you.
I'm a Seniors Real Estate Specialist and have given seminars on Reverse mortgages. If you want more info, please email me your mailing address and I will send you an information packet.
Have you spoken to a lender yet? If not, do so immediately as most lenders have a variety of loan programs and there may be one for you.
If you have already spoken to a lender and been turned down, I would suggest asking your landlord for a letter of recommendation. I believe that would go a long way with new landlord as most don't like the constant turnover in their rentals. I would also write a letter of explanation regarding your medical issues affecting your credit which should help..
Best of luck,