A home of this shape would have to be purchased with a 203k purchase loan or cash only. You would need a minimum 580 fico score and 3.5% down to qualify. You may even consider the USDA Rural Zero Down payment program to purchase homes in good shape in Susanville.
Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the down payment and closing costs. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.
If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve any agent can email listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.
The purchase in Susanville start from 70k for 2bd 1ba single family home and from 94k for 3bd 2ba home and up. You may even qualify to buy with minimal out of pocket expenses.
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA/CalVet Loan Specialist
REO and Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
NMLS# 297251... more
In lease to own you are not buying, just renting with more money into the deal than a normal renter. Unless you get the bank loan, you will just be renting. You must get a loan to complete the rent to own contract or you default and lose all that money you put up.
They are not the great deal people think they are.... more
It would appear your realtor is not trying to sell your house, a lot of them are setting the price so high that no interest is shown, and the buyer eventually forecloses. Once they foreclose, the prices drop and the realtors pick them up. Some realtors have even been caught collecting rent on these homes and the owner or banks are unaware.... more
To elaborate a bit more on prior answers it seems that the 2nd lender feels that it has recourse rights against you and they are trying to exercise them. Additionally our office has had collections companies pursue sellers in NON-recourse situations (the colllections companies attitude is that just because they dont have the legal obnligation to pay they can voluntarily pay... riiiiight) so the first thing you need to do is find out is if the old debt was recourse or non recourse debt.... more
Rent to own homes are hard to find because a seller would rather sell outright than take a chance renting a property. However, I do know of a couple sellers who may be willing to consider a rent to own scenario. If you would like to give me a call I may be able to help you with some options here in our Susanville area.
Office: 530-251-8555... more
Old sayings don't stick around because they're false... they stick to our psyche because not only are they true - but we don't adhere to them & eventually find out they are true....
The best deal on the market for a single woman about to be a grandmother is the one she can afford - and is in the best working condition possible... unless of course you are handy with a hammer & know your plumbing terminology.
Get in touch with a mortgage broker - get preapproved first - then of course - contact an agent in your area.
Take the steps necessary & get out in the market fully loaded and ready to do business.... You might be surprised at what you find (the traditional way).... more