Just wondering ....
By miller1978
@miller1978 (1101)
United States
February 20, 2008 10:57am CST
I've been looking for a house for over 3 months now that will fit our budget, housing needs, and credit. Neither one of us have good credit so buying something through a Real Estate office is not an option for us. I've also looked into buying a foreclosed on home but know nothing about how to go about it. Anyone have any advice?
1 response
@jengoss (145)
• United States
22 Feb 08
I am not sure where you are located, but we just completed a homebuyers class here in Arkansas. It gives you information into the homebuying process, and when you are done you may be able to get assistance with down payment. You might want to check in your area to see if it is available. Here is a website you can check out. You may also want to look at the FHA website too.
www.ameridream.org
www.fha.com
1 person likes this
@miller1978 (1101)
• United States
22 Feb 08
Thanks for the links. I am going to bookmark them tonight and read them tomorrow as it is almost midnight here. I will have to check into that class thing as well. I love learning new stuff and who knows, it might actually teach me some of this mumbo jumbo I have ran across while looking on the net. LOL
@motheroftwins (2)
• United States
25 May 09
Those were all great links! However, many of my friends with average credit are having a hard time buying a home through FHA or convential mortgages because of the credit crisis thing.
What I would suggest to do is what my husband and I did was to buy a home here in McDonough, Georgia on a rent to own home program or some real estate agents call it Lease Purchase. We had bad credit from a business that went south and could not qualify for a home. We just had twin boys and we were not about to raise them in an apartment. We found a website online www.EZHouseBuying.com and the website explained to us what rent to own meant and what we needed to do. We found a beautiful home and they made it so simple for us. We filled out a free application and they pre-approved us into rent or lease to own program and we were in the house in one week. We had to put 3% down and prove we had the debt to income ratio to buy once our credit was where it needed to be and that was it. Well, after talking with their mortgage guy and getting on a credit repair program that www.EZHouseBuying.com suggested, we were able to purchase the house out right after a year and a half. We are now living the American dream of home ownership. By the way, the interest rate is 5.25% for 30 years. Wow!
