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Home Buying in 02330 : Real Estate Advice

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Activity 3
Sun Mar 25, 2012
Jim Simms answered:
You don’t need to work around the system, the guidelines actually protect you more than they do the lender. FHA will allow a mortgage to be approved two years after a BK as long as credit has been re-established. In my shop you would need at least one open account paid as agreed for the last 12 months, no late payments or derog credit for 12 months.

Have your Realtor introduce you to the loan officer they trust the most. Gather all of the support documents that will be needed to apply for a loan and meet with the LO face-to-face, have them walk you through the process and options available, good luck, home this helps,
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Fri Mar 16, 2012
Christine Moran Realtor & Notary answered:
You need to figure out why you need to rent to own and make sure it is the best possibility for you. Talk to a lender before you do anything. You may want to save up an get in a better position to buy instead. ... more
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