gabbi_gurl_2003 asked:


I am just wondering, we would like to purchase a house that has come up for sale in our neighborhood. I know that there have to be some type of programs out there because I know plenty of people with way worse credit scores that have been approved for mortgages.
I know that there are first time home buyer programs, but what if you cannot get approved for a loan? The programs that I have seen that help first time home buyers, require that the co-signer also live in the home, so it’s not like someone that we know could co-sign for us.
Any information that you can provide will be helpful, thank you in advance.
So the house we saw is $29,000. It needs work, but we are willing to do the work. We currently own a mobile home that we bought for cash, we have put work into it and could easily get $10,000 for it. We have money for a down payment, but this money should be used for repairs to the house that we would like to purchase. Could we get approved for more than the asking price, and use the extra money for repairs (providing that we put $10,000 down)?

Scott

school_daze_47 asked:


I’m looking for a house in the Ft Wayne IN area, probably in the less than $20,000 range. I am a first-time home buyer. Is it possible to get a mortgage for an amount this low, assuming the property is of course assessed for at least the amount of the loan? Why kind of down payment and closing costs should I expect to pay? Thanks for any help!

April

phound asked:


Should I work with 2 different individuals like a real estate agent and then a loan officer? I can see how one person w/ too much knowledge could be sticking me.
I am a first time home buyer so I am new to this.
Currently I am working with an individual who is both, a realtor and loan officer what are the disadvantages?
This is off topic but I am an Atheist, Anita. Please dont bring your religion into this and force it upon a completely unrelated topic. Loans have nothing to do with a god.

BOBBIE