Financing in Caledonia>Question Details

David, Home Buyer in Illinois

Do you know any lenders who will loan to people with poor credit?f

Asked by David, Illinois Sat Feb 7, 2009

We'd love to buy a house, but due to 2 layoffs in the past 3 years our credit is low. We have had to move twice due to jobs and have lost a lot of money on both homes. We have recently relocated and have found a home we would love to purchase, but can't get a loan from our previous lender. The home we want is owned by a relocation company are those types of companies willing to work with people like us. Perhaps a lease to own agreement?

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HI David! I am sorry to hear of your employment difficulties, you are not alone!
I have a great lender who could see if you can purchase now, or , if as you spoke....possibly a lease w/ option would be workable. More sellers are agreeable to this sort of sale.
BethTurek
General Sales Manager/Realtor/Broker
CENTURY 21 Country North Inc
ph. 815-289-8729
Web Reference: http://www.SheSELZ.com
0 votes Thank Flag Link Sat Mar 7, 2009
It's really going to depend on a number of factors. How long have you currently been employed and is it in the same line of work? How much of a down payment are you planning? There are programs for people with credit issues but the terms are not always so favorable. It really depends on your situation. I work with people with credit problems. If you would like to know your options please give me a call or email.

Thank You,

Dominique Ressurreicao
Co-Branch Manager
American Pacific Mortgage
559-892-6812
0 votes Thank Flag Link Sat Feb 7, 2009
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