No closing costs
No down payment
No perfect credit
Lowest, fixed interest rate for 30 years
Use the closing costs you receive from the seller to buy down your interest rate
Take out extra money to remodel a home, buy new appliances and more by having it added to your loan
My sister purchased a home with the NACA program in December of 2007. I promise that they delivered everything they promised with their loan product. Their funding comes from Bank of America.
My sisters interest rate is 3.8% fixed for 30 years. My client last week closed on a home at 1.6% fixed!!! She did put additional money down.
Right now their interest rate is 5.6% (just checked for you) - and everyone receives this rate regardless of their score. I also just checked to verify that it is offered in your state and it is in Kansas City and St. Louis, MO.
I am purchasing my next home with a NACA loan and I have excellent credit!
Promise me you will at least check in to it! It will be a blessing to you!
Dale is right. You need to talk with a financial counselor first. Rebuilding from a chapter 7 with terrible credit is do-able but it's generally not a quick fix. There are many professionals and "free" consumer programs that can help you get back on track but be sure you share absolutely ALL your information with them. Sometimes people start to work with counselors and then come back saying...oh by the way, I forgot to tell you about (fill in the blank here). Look for the programs the government has set for you first rather than taking on more debt by paying someone. The road to your goal may be a little longer than you would llike but start on it today and you'll get there sooner than you think. Good luck.
Trisha Lee REMAX Boone Realty, Columbia, MO