im a single mom and a full time stident how can i buy a home with bad credit?

(0) | asked by: Stacey H | share | 33 months ago | Report

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Stacey H
I just want to comment on the post by Vivianne. I understand the its not a "constitutional right" to own a home but she was just asking a question about what she should do she wasnt asking for you to publically scold her for everyone to see. I personally have good credit and I am looking to purchase a home but after seeing what you wrote and how you spoke to her you company will be the last that I go to to purchase a home from. Have some respect and some class because I know that I was offended reading your remarks and they were not even directed towards me. Have a nice day! And to answer your credit there are always people willing to work with you and help in time of need dont be down and good luck.
(1)   |   by Reta McClary   |   31 months ago   |   Report
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answer by Eric Ray   |   Visit My Website   |   Contact Me
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.
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31 months ago  |   Report   |   share
answer by Karen Lewis   |   Visit My Website   |   Contact Me
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.
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31 months ago  |   Report   |   share
answer by Gary Hunt   |   Visit My Website   |   Contact Me
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.
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31 months ago  |   Report   |   share
answer by Cindy Smith   |   Visit My Website   |   Contact Me
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
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33 months ago  |   Report   |   share
answer by MAS PROPERTIES   |   Visit My Website   |   Contact Me
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
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33 months ago  |   Report   |   share
answer by Vivianne Rutkowski   |   Visit My Website   |   Contact Me
Hello Stacey, 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! Vivianne Rutkowski KELLER WILLIAMS REALTY
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33 months ago  |   Report   |   share
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