Home Buying in Sicklerville>Question Details

Landin Brown, Home Buyer in Sicklerville, NJ

If I have bad credit but get someone else to cosign, how does that work? And also, do you have to put down 20% on a property?

Asked by Landin Brown, Sicklerville, NJ Tue Jul 15, 2014

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That depends on your credit, the cosigner's credit, the cost of the house, the type of loan and a number of other factors.
0 votes Thank Flag Link Tue Jul 15, 2014
Your first step will be to meet with a Lender and go over your specific situasion and possibly receive some credit counseling. A qualified Lender will be able to work with you and guide you through the financial process to determine your readiness as a buyer.
0 votes Thank Flag Link Tue Jul 15, 2014
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