Your scenario is not uncommon. Are there ways to buy homes with "bad" credit...yes but you have to put a lot down and you pay much higher rates. Personally I would suggest looking into what can be done to improve your credit over the next 6-12 months and based on doing things correctly that should be able to put you in a much better position to be able to finance a property without the adding stress of a big down payment or very high interest rates. Be happy to speak if you would like to discuss further.
One of the first steps in buying a house would be getting pre-approved for a home loan. The reason why you should get pre-approved first is so you can get an accurate idea of how much you can afford. Once you know this, you can start looking for houses in your price range. Also, offers from buyers who are already pre-approved are taken more seriously than offers without a pre-approval.
For a pre-approval a lender will review your credit files to see if you are able to qualify you for a loan. Here is a list of documents you may want to have ready when seeking a pre-approval:
- W2 forms from the past 2 years
- Pay stubs from the last 2 months
- Tax returns for the past 2 years
- Checking or savings bank statements for the past 3 months
- Statements for all your other assets like stocks, bonds, retirement accounts for the last two months
- Business tax returns if you are self-employed
These are just some basic things you'll need for the first steps in looking for a home. If you have any other questions or need a loan please contact me through the information on my profile page! Hope this helps and good luck!... more
Look for someone who is full time in the business (so they can work with you on your schedule) and references they can share. As you begin working with an agent, if something doesn't feel right, then try a different agent. Your agent should be listening to your needs, and showing you the properties based on your criteria, and in your price range. I have many happy clients, and am an authorized instructor for the Washington State Housing Finance Commission, as well as specialized training such as negotiating. I can share information regarding Washington's zero down programs. It would be my pleasure to help you, even if you are very early in your home buying process. Call me anytime at 509-209-3094. Or visit my website at SpokaneMoves.com... more
Correct siting of a home can make or break curb appeal as well as the functionality of a home. At Mill bay homes, we expend much effort to site our homes correctly. What do I mean by siting? Siting is
It was a beautiful Spokane day. My clients drove into town from western Washington early that morning and arrived at their pet friendly hotel on the rock face hill near downtown (hotel not to be named,
Buying a home should be a fun and exciting experience. Working with a Real Estate agent who loves their job like I do will reflect on your home buying experience. There are always ups and downs to
I would love to answer this for you but I will need an address.
Terry Lipe ABR, CDPE, SFR, CSP.
Coldwell Banker Tomlinson
8205 N Division St
Spokane, WA. 99208
Email: firstname.lastname@example.org... more
Buyers are entering the real estate market place in record numbers, and for many reasons. Visit our article, “Top Ten Reasons Buyers Purchased a Home“. The desire to own a home and the affordability
Primary Reasons Buyers Made a Home PurchaseA recent survey of buyers by the National Association of Realtors asked Buyers what their primary reason for making a purchase was.A savvy Realtor understands
Are you looking to purchase a home or are you searching for a property to rent? I will need more information to help you. Your welcome to contact me if you wish as my contact information is on my website and you can leave your contact information as well and I will call you.... more
Realtor.com(R), operated by Move, Inc. (NASDAQ: MOVE), announced the results of its Back to School survey that ran on realtor.com(R) from July 18-22 and analyzed how much impact school boundaries have
I'm a bit surprised the BOA one took over 7 months. Was it perhaps an FHA loan? They can take a long time, but the approval can (and should) be started before the property is listed.
I don't have any current experience with Chase--sorry.... more
If I know what you are looking for and how much you have to work with then I could do a search and try to find a property that would work. Please give me a call at 509 999-1944 or email me at email@example.com
Robin Henspeter... more
The only restrictions on the property are simple. The property has to be priced at $800,000 or below, must to be located in the United States, and it cannot be currently owned by someone to whom you are directly related. So you will not qualify if you are buying a home from your parent, grandparent, great-grandparent, child, grandchild, great-grandchild, or your spouse’s family. The government wants to prevent “sham” transactions in which a father might sell a home to an adult child and enable the child to obtain the tax credit. There is no restriction on when you can sell your home.
Fred Yancy, Broker
(678) 799-4663... more
Your first step should be to locate and hire a REALTOR, not just a real estate agent on an exclusive basis. Be sure your REALTOR has a minimum of five years’ experience and 100+ transactions. This