How about this: While Lowell Sterling is fixing up your credit, let's get you into a house.
Find a house at or below 75% of its value and place a contract for that amount. The difference between the value and the sales price will be considered your down payment. The lender charges 8% but it can be financed. So, if you find a house at 67% of its value, no money down and no fees due to the lender. Ask to have the seller pay the closing costs.
Once you buy the house, you may want to wait a year before refinancing it so that you can roll the closing costs into the value of the property. Some lenders will do this sooner, so check around. Otherwise, the norm is that if you refinance before the one year time frame, you'll have to bring the new lender (bank) will give you 90% of the sales price or appraised value, whichever is less. If you wait the year, it's 90% of the appraised value. Most lenders max at 80% for jumbo, but there is one that goes to 90% with no MI with a 700 score.
Visit my website for more info. Good luck!
404 644 3295