It's better to focus on fixing up your credit.. I do have a source I can refer you to that is quite amazing for credit clean up.. They are cheap, and their work is flat amazing.
Shoot me a text, e-mail, or give me a call.
Jason C Campbell
Option One Real Estate
Co-Signer can only add income for someone who can demonstrate the above.
The above link is an article I wrote about co-signers.
(214) 763-4629 cell/text/nights/weekends(Really!!)
Lending all across the entire Great State of Texas!!
Search Dallas area MLS for FREE. No registration => http://www.ntreisinnovia.net/cgi-ntr/BR_login?0501134
Try NACA. They will teach you the process and what your options are. The website is
They have helped many people in San Antonio to get into a home after they have exhausted all of the other options.
I work with a Mortgage company who goal is the same as yours...to get you into a home.
The fee is $250-$300 as long as you use them to get youe loan after they fix your credit.
If you are serious about fixing your credit so you can buy a home,
Contact me directly and I can give you more info.
As you night guess, the woods are full of scam artists who prey on people who desperately want a house and want a shortcut to qualify. Lenders are under intense scrutiny these days. If they write a loan that defaults in the first year, they may get to buy it back. That's why the standards have tightened.
There are some folks who will lend you the money at a higher interest rate, with a short term due date, where you have to refinance or lose the house. If the home is artificially priced too high to appraise, you are almost assured that refinancing will not be possible.
Your best course of action is to work with a lender with a strong reputation for quality, do what you need to do to raise your credit score, and then buy with confidence. We can refer you to a good one if needed, and we also can find you a rental to live in while you are doing the work.
Doc Stephens, REALTOR
Most Lenders today want a minimum credit score of 640 to qualify for mortgage financing. A credit score below 620 indicates bad credit.
It is unlikely you could be approved for mortgage financing with that credit score at this time.
Beware of any mortgage professionals promising you an approval with such a low score. Wait on buying a home. I recommend you take the time to resolve your credit issues.
First, settle any outstanding debt. If you owe money on collection accounts, charge-offs and/or judgments, make payment arrangements and get these accounts paid promptly.
Next, begin rebuilding your credit. If you have current accounts with good payment histories, or even some previous late-payment-blemishes, make sure you continue to pay those accounts on time. If you do not have any existing credit accounts then you'll need to establish several in order to create a viable credit history.
I have found that CONSUMER ACTION is an excellent resource for objective advice on all things credit related. You'll find free and sincere advice on everything from settling collection accounts to rebuilding credit to building credit from scratch on their website. http://www.consumer-action.org
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.
I believe: "In giving advice, seek to help, not to please, your friend."
Solon (638 BC - 559 BC)
Please don't hesitate to contact me if you have any questions or if you would like to get on my time saver customized home search that fits your criteria...
Rosie Kelch "The Singing Realtor"
23 years RE Pro.
210-846-3027 Direct Line