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I am a single parent, bad credit needing a home loan.

by nicole.james725 from Raleigh, North Carolina. Aug 8th 2017 Reply

William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

We would need more info to advise you.. but unfortunately, in order to obtain financing, you need to prove your credit worthiness as well as show you have the ability to repay.. If your credit is bad, then I would suggest you work on improving it and then apply.. The best advice I can give you is to contact a mortgage banker/broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with a Banker/Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the banker/broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the big box banks. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Aug 8th 2017
Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 4,006 contributions

As you probably suspected, credit is a major qualifying factor. Bad credit is generally an automatic deal killer. There is information all over the internet on how to fix and start rebuilding your credit, so start today, and maybe you'll be able to qualify sometime in the near future. I know one thing though. If you do nothing, nothing will change. if you do something, something will change, and usually for the better. Good Luck.

Aug 9th 2017
LaWanna Bradford (
#109 ranked lender in Georgia - 9 contributions

We pride ourselves in taking the time to understand our client's unique challenges and provide them with the resources and tools to position them to qualify for a mortgage loan. As you are aware, credit worthiness is a key indicator of your ability to repay debt according to the terms of the agreement. We have credit advisory services that can work with you on the steps to take to build your credit. Our loan advisors will work with you to help you understand based on your situation, how much you can qualify and how to find the best payment options that will fit within your budget. We look forward to hearing from you and providing you with the guidance you need to begin to take the first steps to building strong credit.

Aug 10th 2017
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