Hello Brenda, you may already qualify to buy now but you should study RENT vs BUY options as you may qualify to buy with minimum out of pocket expenses and pay less than rent in many cities. The rent to own properties usually want atleast 10% down and up plus another 3% additional fee. What are your scores?
The rentals in 90604 zip code start from $965 for 1bd 1ba apartment, $1,375 for 2bd 1ba condo and the single family homes start from $2,100 for 3bd 2ba home in Whittier. The purchase start from 186k for 1bd 1ba condo, 265k for 2bdf 2ba condo and the single family homes start from 349k for 4bd 3ba home in Whittier 90604 zip code which is from $1,750 down payment with a minimum 580 fico score.
You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down or as low as .5% half percent down payment program. You may consider 3% down conventional from a minimum 620 fico score.
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.
If you have credit issues, your credit scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary. It only takes a few dozen questions to qualify, go over your options and email you listings to study and compare. Here are some links to study as well as web reference links to many loan program pages offered...
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA/CalVet Loan Specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
22+ Years Experience
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com
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