My husband is in Michigan waiting to immigrate us from Canada. He earns approx 00 net per month, has been at the same job since Nov 2007, but in the same LINE of work for over 10 yrs (owned his own business for approx 5 yrs during that time). He scored at approximately 600 on his credit reports due to ancient problems with his business. It shows ,000 indebtedness on the report. How can he qualify to take advantage of Michigan's foreclosures and buy a HUD home through FHA with the 0 downpayment program. Should he take the MSHDA pre-buy credit repair course first? How long are these courses and do they make a difference to lenders? We need to get pre-approval for the mortgage in writing and will have the 00 EMD and 0 downpayment as required by FHA. Unfortunately, since I'm still in Canada with the kids, I can't be added to the mortgage application until after November..and we have to be IN a new place by mid-January when the kids go over.
Michigan Mortgage / Bad Credit / HUD homes / HELP!!?
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Usually the problem people come across is securing a home loan and paying the mortgage. You will have greater success in buying Vail homes for sale if your credit report is at good standing. Your credit history is evaluated and ... If your score is below 700 consider a non-traditional loan for a home, first time home buyer, or HUD loan; these loans help those with poor credit or low income. These are all successful ways when your score is not where it is suppose to be. ...
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