Sunday, November 14, 2010

Need 100% for a house?

I have bad credit but would like to buy a house. How in the world do these guys who buy homes with no money down and bad credit? There is a very good deal coming up and I would like to buy it. I need ideas to be creative.Need 100% for a house?
they're may be a few wyas you can get financing you could rent to own or what is called a purchase option the nice thing about this type is you can pay for a year or two and excercize your option since you are paying what is essentally the mortgage when you decide it is not a purchase its a refinance.

few brokers are any good at creative financing. you could also have th seler carry a second mortgage for a few years and finance the rest but it is good to have about 3% if you can do this this is anouther option.



it really depends on your seller and the lender you go to few have the expertise to do any type of creative financing. it must be noted that it is very hard to get 100% financing put there are other options is the seller is willing! your best bet is 3% down Fha is not score driven but it does require you to come up with some money!Need 100% for a house?
They DON'T do it anymore. 100% loans are now a part of history, at least temporarily, and so are mortgages for those with poor credit scores.
no more 100% loans for people with bad credit.. or people who are not showing income and are self employed .. no more stated income loans...
  • human body skin
  • No comments:

    Post a Comment