Buying A Home With Bad Credit

Dated: 11/21/2016

Views: 189

 
Buying a Home with bad CreditCan you buy a home with Bad Credit? There are millions of prospective home buyers with bad credit that may think they have little or no options available to them to purchase a home so they rent instead. There is still the general belief that in order to purchase a home, you need to have 20 percent down and have good, if not stellar, credit history.
 
I want you to understand for every credit problem there is a solution. Just because you may have some late payments and credit problems there is hope so put your fears about bad credit aside. You most certainly can buy a home with bad credit. But you're going to pay more than a borrower who has sparkling credit.
 
In Some cases if you are unable to get approved for a loan, or if your bad credit will put you in a price range that does not line up with your Dream Home & make a mortgage too expensive consider setting up a FREE Consultation for ways to improve your credit score.   Be aware that the recent economic troubles have caused lenders to tighten their standards for loaning money and providing mortgages. However, it is not impossible. Buy your first home with bad credit by accessing federal and local resources, and saving for a larger down payment.


Image title


As Realtor in Hilton Head, Bluffton, Savannah, Pooler, and  surrounding areas it is my duty to my clients to  guide and get them pointed in the right direction. Case in point: Paying off some collections can actually have a negative or adverse effect on your overall credit score.  There are FREE programs that help people with credit challenges purchase their dream home. You have options that will assist you in buying a home with bad credit.

To find out how your credit really stacks up  get started today and request a  FREE Consultation & Credit Analysis  but either way, 5 waysto say.pngmake a commitment to yourself to obtain the American Dream of Home Ownership.

Carletha Frazier Singleton is a Real Estate Broker with eXp Realty in SC who have specialties in the area's of Short Sales, New Construction, First Time Home Buyers, Credit Challenged Buyers, Military Housing and Relocation, and more. Carletha is a native of  Bluffton SC and  understand the ever changing Real Estate Market.


Call Carletha today at 843.227.0054  to get more information on buying a home.

Carletha Marie
Licensed in Real Estate Broker in SC & GA

*Note there are loans available not based on your credit score, Ask me about them. 
Blog author image

Carletha Frazier Singleton

Carletha Frazier Singleton began in the Real estate industry in 2004, she is a licensed real estate broker in 2 states and holds a vast amount of knowledge and experience. She has managed apartment co....

Latest Blog Posts

Tips To Raise Your Credit Score

Buying a new home is an exciting time. It can also be stressful if you are unsure about your credit or know that your credit is not as high as you’d like it to be. Your credit score is one of the

Read More

Beaufort Waterfront Property For Sale 2001 Lafayette Street Beaufort SC 29902

Price: $705,000 |4 Bedrooms | 2 Bathrooms | 2.5 Acres Tucked away at the end of Lafayette Street sits this charming waterfront property for sale in Beaufort with large trees and an amazing.

Read More

Bluffton Real Estate Market Report December 2017

Here is a look at the Bluffton Real Estate Market for December 2017. According to a report released by the Hilton Head Area Association of Realtors and the local MLSA Look at the Housing StatsThe

Read More

Deadline For Appealing Coastal Setback Regulations

Heard great news from Nick Kremydas, CEO of the South Carolina Association of Realtors, recently regarding the setback lines for rebuilding on the coast.  Nick was the keynote

Read More