My wife has a credit score of 650, and I have a 620. We are both working on improvement of those scores. She does not have a job, I am active duty military 7+ years. We want to buy a home that costs about 180k. Annual income is about 41k. Will we qualify? Will they combine our FICO scores or just use mine since I am the only one currently working?
What is the best type of loan to get. I know to try using the VALoan. But what is best? Interest only loans? etc.
Posted in Home Improvement
Tagged credit, credit score, duty, FICO, fico scores, Home, improvement, Income, job, question, score, wife
I want to buy a small home for my mother using lease purchase, land contract, owner financing or some other creative finance. Fico in 700′s
Posted in Land For Sale
Tagged contract, creative finance, East Liverpool, east liverpool ohio, FICO, finance, financing, Home, Land, land contract, lease, lease purchase, mother, ohio, owner, Owner Financing, Purchase, sale
My parents want to sell their house and travel. I want to purchase the house from them. They will sell it to me for $80K and the house is valued at $250 +. I would like to get a mortgage of about $120 – 150 K so I can do some repairs / fix up to the house. What are the downfalls of doing this? and what penalties will there be for this type of sale? Your answers are appreciated.
Posted in Homes For Sale
Tagged buyer, FICO, fix, Home, house, mortgage, mortgage questions, parents, score, time, time home buyer, Travel, type
best deal on a mortgage with 500 fico score?
I want to buy a small home for my mother using lease purchase, land contract, owner financing or some other creative finance. Fico in 700′s
Posted in Land For Sale
Tagged contract, creative finance, East Liverpool, east liverpool ohio, FICO, finance, financing, Home, Land, land contract, lease, lease purchase, mother, ohio, owner, Owner Financing, Purchase, sale