WHAT PROGRAMS ARE AVAILABLE FOR 1ST TIME HOMEBUYERS WITH INCOME OVER $60k BUT OLDER DAMAGED CREDIT?
544234
Best way to find out is to get a free pre qualification done with a lender of your choice.  This will help you in many ways.  \n\n1.  You'll find out the various programs available.\n\n2.  You'll know exactly how much home you can shop for given the outcome of the lender evaluation.\n\n3.  You can ask the lender to provide you with a letter stating you are pre-qualified for xx amount...this makes any offer you do make on a home that much more strong and definitely more attractive.  If it came down to picking between two offers, the seller will almost always take one that is pre-qualified over one that isn't.  (Always have your lender tailor this letter to the specific offer -- no need to let someone know you are qualified for $250K if you only want to offer $230K on a home :)
410401
I don't have the program, but consider this.  Do you really think you can buy a house for nothing down?  Yes it can be done, but everything has to be in place.  The right time, the right market, the right financing, etc..\nDon't waste your money.  Look at lease options instead.  Yes you do have to put money down, but not as much.  Also make sure that the contract can be assigned.  That is sold to someone else.
993313
I don't think so.  FHA is for purchases only I believe but check with a loan officer who deals with the program.
1144600
FHA guarantees loans for first time home buyers and can often offer solutions even to people with bad credit.  Shopping around for a good realtor and lender if very important.\n\nAsk friends and family who they have used.  In the market as it currently sits, almost anyone can get a mortgage, everything depends on how much you want to pay and what property you want.\n\nWhen looking for homes, make sure your realtor knows that you are a first time home buyer and interested in FHA loans since only certain houses qualify for them and some will be automatically ruled out.\n\nWhen shopping for a lender (don't JUST go with the one the realtor recommends but DO at least check them out), inquire about FHA loans and what type of points and interest would be available for someone with a credit rating of X.  find out what your credit rating is from the 3 major credit bureaus BEFORE you shop for a lender.  You want to know what they are going to be seeing before they do.\n\nThe more information you have the better.  Don't be afraid to ask questions or to walk away if it isn't what you want.\n\nStandard disclaimer: This is not legal advice nor financial advice.  If you wish to have legal or financial advice, you shoudl contact a licensed professional in your area.
687105
I found there is a great free report at:\nhttp://www.first-time-homebuyers-loans.com\nthat is really helpful.\n\nIt will point you in th right direction.  From there you will know what questions to ask and what to look for.\n\nHope that helps,\n\nGreg S.
626095
If you're in California you may want to visit CalHFA. They have a variety of 1st time home owner assistance program
431724
just go get a realtor, I had no credit and now I have a brand new house, with no money down none the less. I make good money which helps out alot.
969637
Go to a mortgage broker, they are easier than banks and have a number of lending programs. Anyone can get an FHA mortgage 18 months out of bankruptcy, so I'm sure you can get a mortgage having not had any of these past issues! There may be a few things you need to touch up but I'm sure you can get a mortgage. You just have to know where to look....and don't take no for an answer.
69856
There are many loan programs that would offer you a 30yr fixed product and little or no closing costs.  Write me an email if you would like to ask additional questions about the process or if you would like a quote. Check my bio (by clicking my screen) for my email address if you like.
335911
If you've had a good job for 2 year a 620 mid and good rental history you could get a 0% down 1st time home buyers program but do it soon rates are shooting up!!!!!!!!!!!!
36422
Both of you have good credit, many lenders have multiple loan programs, I like dealing with lenders directly and this is an invidual choice as there are many professional loan brokers.\n\nYou may want to shop, however I suspect you will begin to see similiar programs.\n\n30 year fixed vs 15 year fixed etc.\n\nDo not allow each lender to run credit as this could hurt your FICO score.\n\nIf you already have a copy of your credit, share this with the lender.\n\nCountrywide Mortgage is in most states and I have seen a very professional level with this company.\n\nCall and ask for the branch manager.
678948
There are many subprime lenders that will provide 100% financing towards the purchase of a home for 1st time home buyers down to a 580 fico score.  Seek out the help from a mortgage broker, who will review your credit profile, income and job status and place you with a bank where you qualify.  There are a variety of loans to choose from and lenders that specialize in no money down purchases depending on your particular needs.  Remember, continue to make payments on time as this will help raise your fico score.  To get a copy of your credit reports, go to myfico.com- it is secure and provides you with the scores from all three credit bureaus.  There is even a fico score simulator that helps you make appropriate decisions regarding your credit.  Finally, when shopping for a loan keep in mind that the more your credit is pulled, the more it affects your score- so be wise about how many places run your credit.
335121
WOW you packed a lot into this question!\n\n1. Real Estate investment in a primary residence is typically a good idea.\n2. You say you have okay credit.  Does that mean you owe a lot or you have some derogatory credit on your profile?  This would affect your ability to qualify for a loan from both a debt ratio situation or challenged credit issue.\n3. A rent to own, lease option, or contract of sale it typically a good way to go if your credit is questionable as you may not be able to obtain traditional financing.  You would need to find a seller willing to cooperate with this type of financing.\n4. If you buy outright a Realtor is always recommended.  There is no cost to the buyer.  The seller bears the burden of all costs incurred.\n5. If you use a Realtor they can assist you in finding a source for financing.  Generally that would be a loan officer the Realtor has an existing relationship with that can cater to your individual needs.\n6. Lastly you say you are starting a new job.  Typically a lender is looking for 2 years in the same line of work with your new earnings similar to your past earnings.  If your new job is a significant increase in pay, the lender will evaluate your ability to secure employment for the same earnings should you lose your new position\n\nI know how overwhelming all this can seem to someone who is unaware of how the process works.  Don't be discouraged.  You may contact me if you need further help and if I know the answers I'd be happy to share my knowledge.  \n\nGood Luck!
175078
fannie mae and freddie mac are mortgage investors, most lenders will have some form of these products, my recommendation would be the my community 100 loan program, this is a zero down loan program which can help first time home buyers without excess cash available for down payments, it will also allow for up to 5% in seller concessions for recurring and non recurring closing costs.  I am a mortgage lender, and you would be very surprised at the programs that are now available to help purchase your first home.  Good luck and if you have any questions,  please e-mail me and I will get back to you as quickly as possible
729909
Interest rates are not solely calculated by your credit score.  Your debt to income ratio (how much you make compared to how much you owe which includes principal, interest, taxes and homeowners insurance and possibly mortgage insurance,  revolving credit, installment loans such as a car, child support, etc),  employment history, mortgage or rental payment history and other factors help the lender find an appropriate program for you.  A word of advice, learn as much as you can about the program you're offered before signing anything.  A lot of people got themselves into a bind recently because of adjustable rate mortgages (arm)...they could afford the payments when rates were low but when rates rise and salaries don't, guess what. Unfortunately, some of those houses are going to be returned to the lender, who really "owns" the home anyway!  Good luck!
1018450
There are now 40 yr and 50 amortization programs available and interest only programs.  So a person can afford the home they are wanting....If you purchase a home, you can go 100 percent of the selling price (depends on credit) and if your credit is 560 or higher you will have no problem.  The 40 / 50 or interest only will lower your payment.  You did not mentionn where you are located in (state), check out my website and if I can be of assistance, let me know - Good Luck.
1062945
Go to realtor.com and check out houses with section 8 already in place your get an income with that leave your taxes for that property and invest in more houses in the end your have a large portfolio of properties it will give you time to do the things you always wanted to do. Check out Rochester NY there's lots there.Don't do the programs if you can start with little down for a mortgage.These programs maybe a scam so be careful.