Brinae Smith
Brinae Smith
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4 years ago
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My credit is not "BAD", but it's not exactly what you would call "GOOD". SO, do I really have a chance at buying a house? What can I do to put myself in a better position to buy one?

I want to buy a home, but I question my ability to do so with just mediocre credit.
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Antoine Wiesbaden
Antoine Wiesbaden
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4 years ago
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This is a really good question and there are a couple of things to consider here. First, I think the minimum range for credit scores to secure a loan is around 620-630. If you are not at that, then you will want to work on your credit before buying a home.

If you do have that credit score and can buy a home, you have to look at how much you can reasonably and realistically put towards your mortgage payments tos ee if you can buy a home at this time. hot pads has a good search that I used when I was looking called "buy vs rent" Just click the buy vs rent tab when you are searching and you can see homes for sale and rental homes at the same time.

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Jonathan Osborn
Jonathan Osborn
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2 years ago
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You do not have to have 30-40% down. If you have a 680 or better you can get a traditional loan with 5% down. If you have a 640 or higher you can get a loan through FHA with 3.5% down at 4% interest. There are other rural development programs out there that will finance you with zero down, but may have higher interest. There are stipulations on the FHA loans that you may want to look at first before applying for one. Go through a regular bank though or else you will pay very high closing cost, especially if you go through Quicken.

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mike akers
mike akers
Browsing Housing
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4 years ago
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if you have cash in the bank and walk up and put 30-40% down, and your credit isnt horrible, they may just take it

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Trevor Seemann
Trevor Seemann
Browsing Housing
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2 years ago
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If you are having difficulty getting financing there is big reason for this.
A lack of collateral. Lenders want their loans backed by something of value.
That is where we can help. We are collateral providers.
With our financial guarantees you can get a loan from $100,000 to $10 million and above.
The collateral we provide will guarantee your debt until it is paid off.
This is an effective form of alternative funding.
All you need is a good business plan or executive summary.
Respond by email for more information. trevor_seemann@yahoo.com

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