i dont have no credit trying to find a home.

Asked by Kimberly Brown, Dallas, TX Fri Jan 25, 2013

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Brent Rice, Agent, Plano, TX
Sat Jan 26, 2013
Kimberly,

I recommend that you lease a home or apartment while you establish some credit, if possible. Go to your bank and ask them about the best way to get started such as a secured credit card.

Keep in mind that you'll need at least 3.5% in cash for a down payment in addition to (typically) 2x your estimated monthly mortgage payment in the bank in order to meet the minimum requirements for a loan. This would be in addition to having a credit score in the mid-500s and steady income that will cover the monthly payment 3x.

Good luck!
Brent Rice, Trulia Top Recommended Broker (Pro & VIP)
The Rice Group, Inc.
Website: http://www.ricegroupinc.com
214-808-3100
Brent@RiceGroupInc.com
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Dixon Wong, Agent, Dallas, TX
Sat Jan 26, 2013
Do you have a big deposit you can show to the landlord that you can afford the home.

You can visit my website at http://www.findyourtexashome.com/leasing

Dixon
http://www.findyourtexashome.com
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