There are a variety of government loan programs that may be suitable to your needs. If your credit situation can be reasonably explained, it may be suitable as is. If not, it may need time and attention first. Either way, you should discuss this with an experienced mortgage specialist at a government-approved lender (such as my company), so that you have acces to the advice and loan programs that can help you achieve your goal of homeownership.... more
Why doesn't your grandmother sell the house to you on a contract for deed. After a few years of credit repair you will be able to buy the house with a mortgage. Just a thought. Post back if you would like more information.
Hi Liz. Yes, not only could be costly, but it could also be impossible depending on the soil. You really need a whole lot more information about this septic system. If your septic system fails, the property becomes uninhabitable. There are so many variables to septic systems that no one answer can cover it all. I suspect that there may be a problem with the leach fields. There are quite a few new septic systems on the market these days, but they can be costly ($5,000 - $25,000 or more) and not all of the new system have been approved in all areas. If the price is right and you know that you'll be able to remedy the situation, it may be worth it. Good luck.... more