Can You Still Purchase a House If You Do Not Have Good Credit by expert Clyde Brown

Unfortunately, the answer to this question does not look good. Bankers in Fremont California have tightened the purse strings. You have to have a down payment. You have to have a good job making money. What is a person to do? In our discussion today, we will look at some alternatives.

Tip #1 – Examine Your Credit Report

Get a copy of your credit report and seriously take a look at it. If you have some negative entries that are easily taken care of, then go ahead and take care of them. Once they are taken care of, you always have the possibility of applying for the loan again.

Tip #2 – Examine Any Seller Financing Options

You can always look around for homes in Fremont California that are being sold and are being financed solely by the owner. In these cases, you might want to offer to put something down with good payment terms and find that the house Fremont California may be yours to move into.

Tip #3 – Consider Other Types of Dwellings

Have you ever considered a mobile home? You may not want to go this route, but is really a viable option. You may not have the funds to get into a house, but you might be able to get financing for a mobile home. You might want to consider purchasing a lot of some land. This may delay the purchase of a home, however, it may give you time to clear up your credit, and also pay off the land. Once you have the land, then you are free to do whatever you want with it.

Tip #4 – Buy a house with someone else

If you have the down payment but you don’t have the credit, it is a possibility that there is someone you know that might go in with you and purchase a home. Of course you must be very careful to spell out the arrangements before you sign anything, but again this is another possibility.

These are just four options. With patience and persistence, it is possible for you to find a home to purchase if you have poor credit or no down payment. If it is difficult for you to get traditional financing, then your job is to find that one motivated seller

There is a lot of free information available to you about buying, selling, investing, or relocating in the Fremont real estate market. For complete information about the Fremont Ca real estate market including current Fremont homes for sale, property values, market conditions and more please visit the most complete website dedicated to everything Fremont real estate related. www.ClydeBrownHomes.com.

If you or someone you know are in need of a competent and experienced Fremont real estate agent in or near Fremont Ca, or have real estate or mortgage related questions, please feel free to contact me I will be more than glad to answer your questions. Call me at 800-839-0665 or email me at Clyde@ClydeBrownHomes.com. Clyde Brown Legacy Real Estate & Associates.

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 Tags: Credit Dispute, fremont, liberty commons fremont, fremont homes, clyde brown, loan mod, loan modification, short sale, fremont forclosures, Fremont loan

Article's Author

Clyde Brown
Legacy Real Estate and Associates
Fremont, CA

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