Hi... if u are willing to pay 1200/mo you should really look into purchasing a home.. especially right now check out my site ill actually be uploading a info cast about just what you039;re looking for.. but if you just need to rent then we have a great property management team that can assist you in finding what you are looking for. Www.facebook.com/klgrealtor or give me a call.... more
I am not an agent in the Newport News area so you will have to consult a local agent for advise specific to that area. Now, with that said the route I would take and advise you to take is find a home were the owner will do a lease and option to purchase.
The reason being is that you are able to pay rent, therefore the best use of that money and to take advantage of the current interest rates would be to do a lease and option to purchase. This is a popular strategy for investors to get their properties sold in slow markets to buyers like yourselves.
This route allows you to take possession of the home by renting it and have the option to buy the house after 2-3 years. During this time you would establish an agreement with the property owner to hold out a few hundred dollars a month to put towards your down payment when you exercise the option to buy. Now during this time of renting you should be working with a credit repair program to improve your credit for the time when you get pre-approved for your loan.
Another advantage of this route is that you can come to an agreement with the property owner on the sale price for the option and have that price locked in. Now you know exactly what goal you are working towards and you can build your credit improvement strategy around that price as an immediate goal.... more
There are many very nice communities in both Newport News and Hampton to raise a family. Depending on the size of home you are looking fr and the amount of rent you wish to pay will determine which area you should look in.
With interest rates and prices of homes still low I would suggest you talk with a local lender down here to see if or when you may be able to qualify for a purchase. It is actually less expensive to purchase a home right now than it is to rent the same home. Why waste money paying some other persons mortgage when you may be able to pay your own.
Give me a call and I will be glad to furnish you with the name of a local lender who I know that deals in helping people with credit challenges.
I know of a web site where you can type in any address in Newport News and get a crime report for the area. Click on my profile and send me a email and I can forward you a copy of that link.