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I have to agree with Reta in regards to your post Vivianne. I sure hope you don't talk to your clients like that. I'll make sure I don't send any of mine your way. In regards to bad credit it is a lot more difficult to get financed. I am a private lender and have worked with clients for months to help them get to where they need to be to get qualified.
I can look into your specific situation and try to help you get qualified and if you don't qualify now, I can help you put together a plan to get you financed at a later date. Please contact me for further questions.
If you are willing to move to a rural area you may qualify for a Rural Housing Loan. The finance 100% with no PMI if the home is in the Rural Area Guidelines.
Hi, single mom and Full time Student. Contact me and together we can look at your situation. I have helped first time home buyers like you to move into your dream home.
If you are a student/mother with poor credit, you need to fix the credit and then work on saving for a down payment. It will be hard for you to find another place to rent right now. They would probably require more security deposit which is usually at least a month. Fix your credit and then look to purchase. Good luck
Depending on your funds, you may also want to look into a contract sale. This is a sale where the owner acts as the bank and you pay them as you would rent. You can also look at a rent-to-buy where part or sometimes all of your monthly payment would be applied to the purchase price of the home after 12, 24 or 36 months. This would allow you time to repair your credit or raise your credit score high enough to qualify for a home loan from a bank. Good luck
I appologize for being *blunt* but purchasing a home is a priviledge, not a constitutional right. Life is NOT fair. It never was. Unless you have a downpayment, good income to meet the monthly mortgage payments, and a credit score good enough for the lenders to be willing to finance the purchase, you must rent for a while and repair your credit. You should also have an EMERGENCY FUND for the un-expected in life,ex. loss of job, illness, roof repair, boiler, furnace, appliances, etc. Without the emergency fund you might find yourself 2-3 months away from the foreclosure, because technically it takes 2-3 missed payments for the bank to foreclose on a home. I admire your desire to be a homeowner.
Good Luck to You!
KELLER WILLIAMS REALTY