Does anyone know of mortgage lenders who will work next to a credit win surrounded by the low 500's? 0 Down?
My credit is damaged and i have come to the stop of my contract with my landlord that states i must presently purchase this house...i have just come out of a divorce/bankruptcy, and necessitate help please! I just requirement someone who will let me make a fresh start here, i live contained by n.e. ohio, if that helps. any SERIOUS info will be very much appreciated.
Answers:
Try countrywide.
Also, there are federal grants that you can receive for your downpayment if needed.
Try FHA.org or .com
You might enjoy to google it..
It is called first time home owners associations. Good Luck!
... Source(s): If you are not in CA, try www.lendingtree.com someone will call upon you within hours.
Also look into FHA loans. They normally have good programs to bring back people into homes. Bad credit and 1st time buyer programs etc. Try to find someone who has done a few of them and know them well. The Ohio state web site should also hold some info. You could also see if the landlord would consider "owner financing" Good Luck
The interest rate will probably be through the roof. I wouldn't do it unless you plan on selling it right away. Otherwise, you'll pay a great deal more.
I am 20 yrs old a year or so ago my credit gain was 600 I tried to obtain a loan on a duplex which cost 148,000 I did stated income 0 down no doc whatsoever they wouldn't endow with me the loan. Then I worked on my credit score for 4 months and got it up to 690-700 right away they approved me for the loan w/ 0 down and stated income. And my interest rate be still pretty high considering the fact that I did stated and 0 down. So bellow 500 unless you own a lot of money to put down I doubt it. But anything is possible your best bet is calling a mortgage company like countrywide and discuss to a broker, he'll tell you what's up for sure. Good luck!
I was within a similar situation - divorce & bankruptcy - try meritage mortgage.
Also, if you contact a mortgage broker, they can point you in the direction of several companies, but it'll cost you. The charge can be rolled into the mortgage so that you're still at $0 down.
You'll still need to have earnest money and inspection money.
Good luck!
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Answers:
Try countrywide.
Also, there are federal grants that you can receive for your downpayment if needed.
Try FHA.org or .com
You might enjoy to google it..
It is called first time home owners associations. Good Luck!
... Source(s): If you are not in CA, try www.lendingtree.com someone will call upon you within hours.
Also look into FHA loans. They normally have good programs to bring back people into homes. Bad credit and 1st time buyer programs etc. Try to find someone who has done a few of them and know them well. The Ohio state web site should also hold some info. You could also see if the landlord would consider "owner financing" Good Luck
The interest rate will probably be through the roof. I wouldn't do it unless you plan on selling it right away. Otherwise, you'll pay a great deal more.
I am 20 yrs old a year or so ago my credit gain was 600 I tried to obtain a loan on a duplex which cost 148,000 I did stated income 0 down no doc whatsoever they wouldn't endow with me the loan. Then I worked on my credit score for 4 months and got it up to 690-700 right away they approved me for the loan w/ 0 down and stated income. And my interest rate be still pretty high considering the fact that I did stated and 0 down. So bellow 500 unless you own a lot of money to put down I doubt it. But anything is possible your best bet is calling a mortgage company like countrywide and discuss to a broker, he'll tell you what's up for sure. Good luck!
I was within a similar situation - divorce & bankruptcy - try meritage mortgage.
Also, if you contact a mortgage broker, they can point you in the direction of several companies, but it'll cost you. The charge can be rolled into the mortgage so that you're still at $0 down.
You'll still need to have earnest money and inspection money.
Good luck!
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