I have tried numerouse times to get appoved but always come up short I am a first time home buyer with a good job is there a loan company who will help with a 60,000.00 dollar loan
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There are many home loan programs for people with bad credit. Even if your credit score is below 500 there are still options and mortgage programs that may be available for you. A direct branch bank (such as going to your local KeyBank, NCB, et…) is never going to lend to someone with a below 500 score and possibly not even with below a 600 score. Therefore if you have bad credit or below average scores your best bet is to find a reputable mortgage broker to find the best deal available for you. Even if they can not provide you with something beneficial today, a good mortgage broker will work with you to boost your scores and help direct and educate you on what to do to qualify soon.
Since you know the problem, why not spend a few months trying to fix it and then buy a house. Since you make good money then you should be able to get you credit cleaned up reasonably quickly. Once you do that you shouldn’t have any trouble getting a loan. Make sure you pay your bills on time and if you have any late bills, get caught up. If you have any that have been turned over to collections then pay them. Usually they will settle for less than you owe once they’ve been turned over to collection. Look at it this way, if you buy a house now you are still going to have the bad debt that’s bringing your score down. If you take care of a few things then your score will go up and you can more easily buy a house.
Your income seems good!
What’s your middle FICO score?…It’s all based on that!
We don’t know enough about your situation to say YES there is a company – BUT generally there is a program out there for you if you really want to buy. But I think Angela (one of the answers on here) really said it best! Continue paying rent on time (this makes qualifying easier – if its not to a management co then save proof of payment) and work on your credit. When you take out a higher cost the loan the bank makes more money than you will in appreciation. You may even be able to fix it quicker than you think – not waste too much time and save LOTS of money.
Message me if you would like more tips on things you can do to better qualify.
what state are you in? Email me Ceo@WeLoan.Us
My company can possibly help with your problem. A bank is absolutely NOT the answer. Check out my site, e-mail or give me a call. I do business in all 50 states.
First, please don’t contact people here spamming for business.
Next, you need to fix your credit. Even if you do find a lender, the terms will probably not be favorable. Take a few months to pay down your debt, pay everything on time and save save save save save.
And if you have tried numerous times, you are doing your credit more harm than good. Every time your credit is checked for a potential loan, your FICO score goes down a few points. Not good when your credit is already in trouble.
Good luck.
more down payment, how much? probably alot more.