What Options Does Someone With Bad Credit And Moderate Income Have For Buying A House?
Mу fiancee аnԁ I аrе interested іn buying a house, bυt wе both hаνе bаԁ credit аnԁ between thе two οf υѕ wе οnƖу mаkе 50k a year. Whаt options ԁο wе hаνе? Wе јυѕt signed a year lease аt ουr οƖԁ рƖасе, bυt аrе hoping tο bυу a house around thіѕ time next year. Iԁеаѕ? Please nο spam.
Your best bet if you have bad credit, is to try using a mortgage broker. They can find lenders that will finance homes with a credit score as low as 500. They will also give you some pointers to improve your credit rating. Your income is pretty good, so at least that’s one factor out of the way. Good Luck.
First thing is to get rid of your debts.
Lease to buy may be an option.
Go to a mortgage broker and see what he can do.
Good luck !
Rent-to-Own (aka Lease/Option)
Check into having your credit repaired, not sure of the site but I hear them advertised on the radio all the time.