i need to buy a house within the next 6 months. The house is not that expensive and my husband and i can def afford it but we have bad credit.

Asked by Sonja Enge-gilton, Chicago, IL Tue Feb 19, 2013

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Velda Mcknight’s answer
Velda Mcknig…, , Illinois
Fri Feb 22, 2013
Hello Sonja, My name is Velda McKnight. I am a licensed real estate broker in the states of Illinois and Georgia. Working to correct credit concerns is the starting point and finding the right real estate broker and mortgage broker is where you can begin that process. If I can be of assistance please feel free to contact me at 312-285-4479. I hope that your home purchase process is successful.
0 votes
Patty Harris…, Mortgage Broker Or Lender, Naperville, IL
Tue Mar 5, 2013
Hi Sonja:

I am a local mortgage broker and would be happy to help you get pre-qualified for this home or any other one you may be interested in. We work with over 30 lenders to help you get the best possible financing. Our lenders will go as low as a 580 score on an FHA mortgage.

SMC carries an A+ Better Business Bureau Rating and we have worked in the community for over 15 years! Please call me at 630-478-2684, email or visit my website get started.

Please email me so we can set aside some time to get you prequalified or visit my website to complete the application http://www.smartmortgageinc.com.

I look forward to working with you!

Best regards,

Patty Harrison
Smart Mortgage Centers
630-478-2684 or 630-788-6200
patty@smartmtgs.net / http://www.smartmortgageinc.com
0 votes
Riccardo War…, Agent, Bolingbrook, IL
Mon Mar 4, 2013
Sonja, We work with lenders that go down to a 600 credit score. In some rare cases, 580. Give me a call if you would like to discuss.

Sean Cochran
630-470-6830 office
630-330-2229 cell
0 votes
Joanna Weiss, , Chicago, IL
Wed Feb 20, 2013
If you credit poor, I can reccommend several options. Standard Bank is a Community Bank. Joanna Weiss
0 votes
Ivan Sagel, Agent, Chicago, IL
Wed Feb 20, 2013

THe best advise is to work on your credit. I can recommend some great lenders to talk to, but if you know you have bad credit, the first step is to work on that.

Best regards,

Ivan Sagel
0 votes
Manuel Brown, Agent, Chicago, IL
Wed Feb 20, 2013

Speak to a lender. I recommend Mary Kay 773.403.4150 with Guaranteed Rate. She can help you determine your options.

Best of luck
0 votes
Philip Sencer, Agent, Chicago, IL
Wed Feb 20, 2013
You need to speak with some lenders to see if you can get a mortgage. My web site has some lender references.
0 votes
Tony Guisto, Other Pro, mokenA, IL
Tue Feb 19, 2013
Sonja - Contact me and I can help work with you on getting into an affordable home and point you in the right direction with your credit issues.

Tony Guisto
0 votes
Matt Bukovy, Mortgage Broker Or Lender, Chicago, IL
Tue Feb 19, 2013

I am a local lender with Wintrust Mortgage right here in Chicago. I can't advise you until I can take a peek at your credit.

Please go to my website and fill out a FREE online application by clicking on "start the process". Make sure you do the entire application, not just the pre-qual. The more info you put in, the more accurate I'll be able to assess your situation.

Work history, rental history, assets, income, etc., etc.


Matt Bukovy
Senior Mortgage Consultant
Wintrust Mortgage
Web Reference:  http://www.mattbukovy.com
0 votes
Bill J Delig…, Agent, Naperville, IL
Tue Feb 19, 2013
Talk to a lender immediately to go over all your options. Feel free to contact me with any questions.
Web Reference:  http://www.BJDLOANS.com
0 votes
Randall Lanc…, Agent, Chicago, IL
Tue Feb 19, 2013
I would like to recommend that you utilize my free website at http://www.idealhomesinchicagoland.com. You will be able to search for properties throughout Chicago and the surrounding areas. My website features up to date information, so you will not be finding homes and properties that are no longer available like on some of the realty websites that you may be using. My website also offers an array of neighborhood and market information that can help you make your determination on homes and locations. My featured partners are industry leaders that can assist you in making any realty transaction easy and transparent. I welcome you to utilize this amazing tool. As always I will be available to answer any questions that you may have.
0 votes
what about our credit, we do want to get out of debt and are trying but somehow
we remain in the God awful state. do you think consolidation is the way or just pay it off ourselves.
Flag Tue Feb 19, 2013
David Hanna, Agent, Chicago, IL
Tue Feb 19, 2013
Bad credit and buying a house in today's lending environment seldom work out. We are challenged to find landlords who will take on tenants with damaged credit, and if your credit score is under 600, you are not going to get a home loan.
The only lender that does not credit score is VA. If you and / or your husband are veterans, you may be able to buy.
Otherwise, you need to work on credit repair and build a history of on time and in full payments for all your bills, big and small.
I have references for this, but it is not going to be a quick fix. When it is done, ou can enjoy the privileges of good credit and being able to get a home of your own.
0 votes
Matt Laricy, Agent, Chicago, IL
Tue Feb 19, 2013
Speak with a lender and see what your options are.
0 votes
Simir Shah, Agent, Chicago, IL
Tue Feb 19, 2013
It sound like you need to repair your credit I am not sure what your score are but there are lenders out there that will help you repair your credit and there are also credit repairs companies like lexingtonlaw.com that can help you. Also depending on your credit score you may qualify for some specific mortgage products, contact Wells Fargo they may have a program for you.

Simir Shah
0 votes
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