I have Programs that go as low as 500 FICO on FHA or VA purchases in the West Cost, based on alternative credit. I see you are on the West Coast. There are compensating factors that need to be discussed. I emailed my AE for this program asking about the In Lue of Deed. You can email me directly at rconstantine@myhsoa.com for more info on this program. In the meantime, let me find out about the In Lue of Deed. Hope this helps. RC

Hello,I would recommend you ask your father to purchase the house under his name only and in the future once you have improved your credit you can refinance him out of the loan. At this point most lender will not approve your loan application because of your credit situation. please feel free to call or email me for more information.

We require a minimum of 640 credit score for loan approval. You could have your father purchase the home in his name only - keep in mind if he already owns a home, this home would be considered a second home and the interest rate will be slightly higher than the interest rate given on primary residences. There are many things you can do to repair/improve your credit score - please fee free to give me a call and I'll be happy to discuss it with you.

Deed in Iieu is treated like a foreclosure...you will have to wait and improve..so as has been suggested you may have to have your father purchase it....Hope that helps...

your father could refinance through a fannie mae or freddie mac relief product. And in reading some of the answers I am suprised they allow scores under 580. If they can get it done Id jump on it before it goes away.

You will need to wait 2 years before buying a home under your name. Your father can buy the home under his name only.