My family and I would like to buy a home, however, due to medical illnesses, job loss, economic downturned economy, etc, our credit is crap.

Asked by Megan Musgrove, McKinney, TX Mon Jun 10, 2013

The home we would like to potentially purchase is well within our ability.

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Answers

6
Amy Arey, Agent, Allen, TX
Mon Apr 20, 2015
You're closer than you think!
Many people have found themselves in this situation. Luckily, there are programs available. If you need a Realtor who can put you in contact with the right individuals and not desert you during the process, contact me. It may take some time, but we will get there. (It all depends upon "what" is on your credit, as well as your debt-to-income rations, etc. I realize you can't get there until you know what to do to.

I would be honored to earn your business, or anyone else in the same situation.

-Amy S. Arey, Realtor
Halo Group Realty, LLC
214.901.1341-Cell
http://www.Aarey.HaloAgent.com
http://www.MckinneyRealEstateInfo.com
0 votes
Amy Arey, Agent, Allen, TX
Mon Apr 20, 2015
You're closer than you think!
Many people have found themselves in this situation. Luckily, there are programs available. If you need a Realtor who can put you in contact with the right individuals and not desert you during the process, contact me. It may take some time, but we will get there. (It all depends upon "what" is on your credit, as well as your debt-to-income rations, etc. I realize you can't get there until you know what to do to.

I would be honored to earn your business, or anyone else in the same situation.

-Amy S. Arey, Realtor
Halo Group Realty, LLC
214.901.1341-Cell
http://www.Aarey.HaloAgent.com
http://www.MckinneyRealEstateInfo.com
0 votes
Amanda Wao, Agent, Brashear, TX
Sun Jun 1, 2014
Megan, I know of programs that can help you get into the home you want while you work to improve your credit. I would welcome a chance to sit down with you concerning the program as well as an appropriate lender who could tell you what needs to be improved so that you're ready to buy the home for yourself within the next 2-3 years.

972-731-0052
Amanda Wao
0 votes
T.E. & Naima…, Agent, Dallas, TX
Sat Jun 15, 2013
Unfortunately, you and about 80 million other Americans have suffered during this financial mess we've had for the last 5 years.

There is hope. I know of a free program to help get your credit back in shape to buy.

But be aware that some problems can't be fixed quickly. Many require the time for you to pay repeatedly on time to demonstrate that your finances are under control.

Lenders that see lates during the last 12 months won't be able to help you. You don't have to pay off accounts or even pay them down, just pay them on time as agreed, even if that's the minimum payment.

If you have bankruptcy, foreclosure, deed-in-lieu, short sale or other property-related severe distress, the time it takes will be lengthy. Typically, you need 2 to 4 years to recover from these things.
Web Reference:  http://www.Mortgages-TX.com
0 votes
Anna M Brocco, Agent, Williston Park, NY
Mon Jun 10, 2013
Much will depend on just how poor the credit is; for a personalized answer visit with any licensed loan officer; keep in mind that there are other factors besides credit that determine mortgage qualification....
0 votes
Sandy Setliff, Agent, Anna, TX
Mon Jun 10, 2013
Your best bet is to start by talking to a qualified mortgage lender who can help assess your ability to obtain a loan in light of your earnings, expenses and credit. If credit repair is needed they can give you resources for that as well. I can put you in touch with someone who would be glad to talk with you by phone. They can usually give you a good assessment and next steps in a 15 to 30 minute phone conversation. I'd love to help you.

Sandy Setliff
http://www.sandysetliffhomes.com
0 votes
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