Credit is not always an issue. Many people buy homes with bad credit. When applying for a loan here is what is evaluated:
1) time at job (over 2 years is best rating)
2) amount of reserves
3) payment history of current rent
4) established credit since BK
5) LTV you are looking for (lower = better)
6) how long since last late payment
There are many factors that can be overcome or could hurt you.
Credit is not always an issue. Many people buy homes with bad credit. When applying for a loan here is what is evaluated:
1) time at job (over 2 years is best rating)
2) amount of reserves
3) payment history of current rent
4) established credit since BK
5) LTV you are looking for (lower = better)
6) how long since last late payment
There are many factors that can be overcome or could hurt you.
Lori
[addsig]
yes you can i am a broker.
Sure......
Hard money lenders
Private Money
Simultaneous Closes (use your buyers money)
Flip contracts, options, birddog them.