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daughter is paying 800 rent + utilities , she would like to buy a house but her score is 524 is there any way possible for her to buy with 4,000 down?
she lives in reading now but will move to ouskirts. has 3 childre
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Your daughter should speak with a loan officer at her bank to get a true picture of her ability to buy a home.
I do not believe that she can buy with that credit score however we utilise a company that assists people in raising their credit score which might be a help to her. They can often help in 30 to 60 days to get credit to where people can buy. Then she could go FHA with a seller credit and possibly purchase with as little as $4000. that she currently has. Obviously there are many variables so more information on her income and debts would be necessary to properly assist her.
She may not be able to buy immediately due to the current credit score, but dont lose hope I would recommend talking with a lender who can do FHA and find out what is draging the credit score down. Credit can be restored rather quickly once the issue has been discovered and you start a process of recovery. It may take a 3 month cycle and a little work but the patience will pay off. If you can get the credit score up to a min of 625 you should be golden. FHA requires only 3.5 % down and the Seller can pay the 6% closing cost.
Visit the home search ( MLS) at Sands & Company Real Estate and if you see some homes once you have the issues resolved we are happy to help
Hello
Yes, You may reach me at any time.I look forward to hearing from you.
Joelle Dennis
I would like her to meet with my mortgage professional to get proper advise. I know the minimum fico score is 620, but there are 3 credit reporting companies, so not sure. Get in touch with me and I will refer her. thanks. pete heim
it is possible to get into a lease purchase. also credit can be repaired in 6 months to a year depending upon how it is. Free repair info can be obatined at my website PeteGustis(dot)com
its possible to get into a lease purchase. Depending upon the credit report she can repair credit and buy in 6 months to a year. if things go well. PeteGustis (dot)com My website gives free tips on credit repair and home searches. I also have a partnership with a company that does credit repair.
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