Bad credit no luck in apartment search.I just got married and have a 4 month old and I need to have my own place. My family is still living with my mom and I have 2 sisters that live here too. I been trying to find apartments
Yes it is.. There are lenders that require a 580-600 credit score for FHA loans. I've had some clients get approved by The Lenders Network with low scores so I'd check with them first. Good luck!... more
Well any negative remark can spoil the ongoing party, that is why if possible try to improve your credit score as much as possible. Since it will help you to get housing loan from any financial institutes without much hiccups.... more
If you have less than a desirable credit score due to bad credit or very little credit history, getting a co-signer may help you get into your apartment. A co-signer is a guarantor and the guarantor is secondarily liable on an obligation. You could ask a family member or close friend, with good credit, whoâ€™s willing to sign their name on your lease. He or she will assume financial and legal responsibility for your apartment if you default on rent payments... more
There are other factors that go into consideration when applying for loans, you should speak with your local mortgage broker or bank to discuss your options. Feel free to contact me anytime if you have any questions or would like me to refer you to someone for a complimentary pre-approval. You can reach me at 347-463-2979, I look forward to speaking with you soon!... more
Credit score is one factor. There are many other things to consider as well such as your job income, references, etc. Also each landlord has his own requirements. Some will also check the credit score and job info of your spouse.... more
Beware of anyone offering to "repair" your credit! The Federal Trade Commission issued a stern warning last year that such offers are scams. Find more from the FTC HERE. http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre13.shtm
The best way to buy a home is to have a decent credit history combined with sufficient Income and Assets for a home purchase.
The best way to have a decent credit history is to settle negative outstanding obligations and pay all your bills on time for at least two years.
You can begin by paying all bills on time, consider a secured credit card--depending on your situation, if you have a loan officer, consider asking him/her the question--he/she can best advise as it relates specifically to you.... more