Home Buying in 95367>Question Details

Ceneca Bette…, Home Buyer in California

Hoping to buy, but credit is in the mid to low 500's.

Asked by Ceneca Bettencourt, California Mon Apr 28, 2008

I am disabled and my husband works f/t. Combined we bring in @ $45,000 annually. Due to my accident 7 years ago, my credit was hit hard while I was in a coma and during recovery. Since then I have had setbacks in gaining control of my credit again. In trying to help our scores and in tackling our debt more easily, we signed up with Care One Credit but feel it may have hurt us more than helped. We recently checked our credit profiles and saw that they payed some creditors late more than once. We are both close to 30 and have 2 children. We want to stop renting and take advantage of the low market now, but worry we can't. Are there any options for us? We have great rental history for over 6 years at different places and my husband has been stable at his job for almost 2 1/2 years. No co-signers

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Answers

3
Shop around for a reliable mortgage broker they have acces to many banks, private lenders and diferent financing programs. Choose one that can asnwer all your questions in the first meeting.

Best of Luck,

Maria Cipollone

http://www.Flahomespecialist.com
1 vote Thank Flag Link Mon Oct 22, 2012
There may be several things you can do to turn your credit situation around. I have a couple of resources on my website at http://www.mcgrathaguirre.com. With a little effort and a few months under your belt, most credit situations can be turned around and a higher score reached. FHA is lenient on medical situations. You can also call the medical places and make arrangements that are affordable and that will help also.
0 votes Thank Flag Link Tue May 21, 2013
YOU NEED TO FIND A BUYERS AGENT WITH EXPERIENCE IN ALTERNATIVE FINANCE IN YOUR AREA.
YOU ARE GOING TO NEED MONEY FOR A DOWN PAYMENT AND THAT ALSO CAN BE WORKED OUT IF YOU AGENT IS EXPERIENCED. THAT IS THE KEY
0 votes Thank Flag Link Tue Feb 1, 2011
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