I need to buy a house, my rent is more than a mortgage..i really need help.my credit is okay but not perfect..
400165
The bigger question is do you have any money for a down payment?  If you can fund a decent sized down payment, many mortgage companies will look over "okay" credit.  If you can't make a down payment, and only have "okay" credit -- then your chances are slim of getting any type of mortgage loan.
88573
I almost did, but found out I would be paying almost twice a much for house.  You can get non-documentation loan, but they are tricky too.  Check with several real estate agents or an attorney.
1070480
That isn't going to be easy.  Most places do a credit check.  There are ways with good credit to buy with no money down.  An individual might sell you real estate that way, but it isn't a wise way to do business.
486181
Contact the institution you have your loan through, and let them know you are under hardship.\n\nThen start looking for another $20 job as fast as you can.\n\nDepending on how many years you have already paid into the loan you MAY beable to refinance it.  Call a local mortgage broker and see how they can help.  Consultation is free.\n\nSometimes our credit isn't as bad as we think it it, sometimes it is worse.  But there should be help.  A good mortgage broker or financial officer can help.
927664
Talk to your bank, and talk to a loan broker.  I have used both with good results.  Your real estate agent should be able to suggest a good loan broker; that's how I found mine.  He put together a reasonable package (it wasn't cheap), and two years later we refinanced into a much more reasonable mortgage.
281287
If you have excellent credit you can apply for a "stated" mortgage. That is where you "state" your income but don't need to document it. It will cost you another .25-.50% on your interest rate but you will be able to buy a home.\n\nGood Luck
1104370
First of all your credit score is pretty decent,infact anything over 620 is good enough to obtain a mortgage,so if you want and are willing you can buy a house to.\nSecondly when looking at a credit report lenders or landlords look for things such as credit lines,length of those credit lines, payment history,accounts in collections,delinquent accounts to name a few.\nAnd thirdly when looking at a report,the report from all three bureaus are taken into consideration and your middle score(the number between the highest and lowest) is the one which is taken as your credit score.
1016816
What do you need a loan for?  If your credit is horrible, any loan you are going to be able to get is going to be at a very high rate of interest.  You'd be better off saving $200 a month for a few months and paying cash for whatever it is you need the loan for.  If you just need it to make ends meet, you're going to sink further and further in the hole and never be able to get out.  Spend less.  Pay your bills.  Don't borrow.  Adjust your lifestyle to fit your income, not the other way around.\n\nSorry.  Not the answer you wanted, but having been down the "I can't live on my income, no matter how many raises I get" road, I know what I'm talking about.
54604
Your credit score isn't all that bad considering the national averages.\n\nHowever, you have some other options besides outright purchasing a home for sale:\n\n1. Lease Option or Rent-to-Own: Look for these advertised in the classifieds, that allow you to rent a house for a certain term (like 1 to 3 years), where some or all of your rent goes toward the purchase price. Then, when you're ready (you should repair your credit during this time), you can purchase the house. Part of your down payment will already have been paid.\n\n2. Talk to the Fair Housing Administration (FHA - http://www.fha.gov) about HUD loans for low-income and not-so-good-credit individuals.\n\n3. Look into purchasing a foreclosed home at an auction.\n\n4. Ask a close friend or family member with good credit to co-sign your mortgage.\n\n5. See if anyone is advertising "seller financing" or "owner financing", in which the seller will allow you to make mortgage payments directly to them.\n\n-----------------\nUpdate: DO NOT apply for an interest-only loan. You will be severely hit with a balloon payment down the line, or higher payments, or at the very least you'll have to refinance and pay additional closing costs. Interest rates are rising, and you won't want to do that. Stay away from these!
225190
get a repayment ....thats the only kind to go for unless u a financial wizzkid \n\nalso try lookin into this new goverment housing scheme they look reasonable where u only buy half your house ..\n\ni feel ya pain ...1st timers got it tough
1006592
There are several options there but you may be better of talking to your bank, a mortgage broker and perhaps check an online offer to give you three options.  Keep in mind it may give you peace of mind to work with a local buisness or bank for your mortgage.  It never hurts to shop I tell all of my customers to shop around.  Check origination, lock fees, rates are important but can be less of an indicator of a "good loan" or not.
135090
Call Countrywide Mortgage - they have aggressive programs for credit challenged. You'll be surprised.
245758
Yeah, it sounds like you are in a tough credit spot.\n\nThe reason for the checks is that it will verify that you have paid rent, and paid on time.  Certain banks are very specific about this... unfortunately, most people have a tough time getting this information.\n\nFor the checks, I'd ask if they will accept a private VOR, verification of rental.  This like the check will verify your payment history.\n\nAnother option depending on your score is to look into my community mortgage options.  This is a way to get the higher LTV for 1st time buyers and will not raise your interest rate even if you are lesser candidate.  The mortgage insurance is offered at a significant discount.\n\nIf your credit score is above 580, ask your Loan Officer about the specifics.  You can still do this with a conventional program.
258272
It sounds like you are behind but not at the foreclosure stage(over 90 days past due)\n\nFirst off, your mortgage company does not want to go to foreclosure. See if you can negotiate something, i.e. interest only, debt extension or restructure.\n\nDepending on the rest of your credit, your income and the equity in your home you might be able to find a lender or investor who would be willing to help you save your home or buy it immediately and walk away with some cash.\n\nNot ideal but when you get behind on a mortgage it is tough.
982135
Keeping lines of communication open is good. Also, try to make any payment you possibly can. At this point, you may have to bite the bullet and get ANY job just to pay the bills. You can still search for a permanent job but it would be crazy to lose a house you almost have paid off if you can go down the street and get a job at fast food, a retail store, etc. Heck, deliver pizzas! If you can possibly do so, get a roommate. Do whatever it takes to bring in some money (legally) and keep the lender aware of all your efforts. Once you get 4 mths behind, they can start the foreclosure process. If your credit is okay, and since you have some equity in your home, you may be able to take out a home equity line of credit - but I'm not a big fan of treating your home as a bank, esp when the problem is that you have no money to pay the mortgage as it is....it's like robbing from Peter to pay Paul. Because you're going to have to then pay back on the HELOC as well. So this would be a last resort.
706514
First the bad news.  Your scores are way low and what really hurts more than anything is the late payments on your mortgage. So even with the low scores, the late payments on the mortgage  hurts you the most. The other thing that could hurt you also, is when you paid off your credit cards, you closed the accounts as well.  If you paid them off and kept them open, this is a good sign.\n\nNow the slightly good news. Even with your scores you could possibly get a home mortgage, but only with a subprime lender and you would get very high rates. Now if you are buying another home and keeping your current home you will have to put down at least 10-20%, but only if they allow you to buy another home. And even if you are going to sell your current home in order to buy another home, with your scores, you will have to put money down anyway. \n\nBut the best advice I have is wait a year so you can have 12 months of on time payments; this will raise your scores. Also if you closed those credit card accounts, see if they will reopen them and if they do, use them and pay them off every month; this will also raise your scores.\n\nLenders want to lend their money, but they don't want to lend to people who are late on any secured loans, especially HOME loans. Most people will tell you to wait at least 3 years or more to get your credit scores up.  But being that I worked in the mortgage business before I was pregnant (which was last year) and I helped people to raise their credit scores, you only really need one year of on time payments to get a subprime loan. But if you're going for a prime loan, wait at least 3-4 years of on time payments and please stay on your job as well. The more job time with the same employer, the better.  It shows stability!\n\nRight now your middles score is a 567\nSo here are some Credit Score Goals below.\n\nSubPrime: 580 middle score\nPrime: 680 middle score\nBest Interest Rates: Over 720 middle score\n\nHope this helps!
725338
Applying for a home loan isn't the problem. You can apply and get accepted rather easily.  The problem you will face is the interest rate.  The worse off your credit, the higher the interest rate.  Check around and don't take the first place that accepts you.