If you are looking for a home in Boynton Beach but you don't think your credit rating isn't high enough, there are a couple of things you should do before giving up hope.
The first, and easiest, is to check with a mortgage broker and see where your credit really is. At this time, there are some banks who will lend to a buyer with a credit score as low as 580, depending upon that individual's circumstances. If you have had a bankruptcy or foreclosure within the last 7 years, or you sold your house via short sale within the last two years, you probably will not qualify. But you need to talk with a qualified mortgage professional in order to know what you can and cannot do.
It is not likely an investor will purchase a home in Boynton Beach for you, either. However, if you have sufficient cash for a downpayment, but lack credit, then you may have a chance to purchase a home via lease/purchase or rent/option.
There are many investor owned homes for rent at this time, because the real estate market has brought out numerous cash buyers who have decided to buy and hold. These investors are renting their properties.
You might want to ask your Boynton Beach real estate agent to look into homes for rent and see if they are interested in working with you.
If an owner is willing to work with you on a lease/purchase or rent/option basis, that owner is very likely to ask you for a non-refundable deposit in order to hold that property off the market, so you will need to have money put aside for some kind of downpayment. The amount will vary by owner.
Marc Jablon, The Jablon Team
RE/MAX Complete Solutions