Can you tell me anything of first time buyer loans. Or loans for foreclosed homes. I'm assuming they go on your credit. Is it hard to get a loan? How good does your credit have to be? Anything you can tell me would be great. There are TONS of repo homes around here. Anywhere from $1000-$40,000 and we are paying $550 a month in rent so we are really hoping to maybe buy a home by next year. So yeah any knowledge on the subject would be great! Thank you!
Answer by kimigogo at 1:07 PM on Jun. 18, 2012
Answer by JulieJacobKyle at 1:06 PM on Jun. 18, 2012
Answer by meooma at 2:20 PM on Jun. 18, 2012
Obviously the higher your credit score the better. You are allowed 1 free copy of your credit reports from ea. of the 3 credit reporting agencies. If you find errors on them, you can dispute them ahead of time. You need to be prepared to put a percentage down as a down payment. Shop around for lenders, & don't forget credit unions. Sometimes they're easier to deal with than big banks. It's a buyers' market right now so GL!! :)
Answer by mrsmom110 at 1:02 PM on Jun. 18, 2012
Answer by DreainCO at 1:05 PM on Jun. 18, 2012
Answer by JulieJacobKyle at 1:14 PM on Jun. 18, 2012
Answer by tasches at 7:46 PM on Jun. 18, 2012
Answer by jeanclaudia at 7:49 PM on Jun. 18, 2012
Answer by Dardenella at 8:10 PM on Jun. 24, 2012
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