How can someone with a decent income and bad credit purchase a house or land in Florida?

bad credit
Skoti3 asked:


I have no bankruptcy. Most of my bad credit is old, and totals about 25000. Married, household income about 50,000. I’ve heard that there are places where I can still get a home loan or a land loan, but I don’t know how to go about it or who to contact. Is there a place where I can find private owners that might do a C4D on undeveloped land?

http://1mortgagecalculator.info

6 Responses to How can someone with a decent income and bad credit purchase a house or land in Florida?

  1. klover_dso
    July 25, 2009 at 11:19 pm

    marry someone with good credit, that’s what worked for me ;o}

  2. keersud p
    July 28, 2009 at 12:41 am

    I think it is possible… Anyhow speak to some other in that area.Whereas there are lots of websites are there to guide you to buy home

  3. Sharon
    July 30, 2009 at 9:56 am

    Talk to a bank about a FHA loan. They are not credit driven.

  4. dooze1984
    August 1, 2009 at 9:07 pm

    get yourself a co-signer

  5. Fabio G
    August 2, 2009 at 4:38 pm

    if by bad credit you mean in the 400 forget it if in the 500 could be done but the loan cannot be above 80 or 90% of the value of the home if in the 600 then you can finance 100% at some reasonable terms. O;d bad credit does not effect your credit score as much when did you check it last ?? Land loans are very hard to do so I sugest a loan on real property. let me know if you need more info

  6. Pask
    August 3, 2009 at 6:27 pm

    Get your finances in order – if you can prove that you’re at least in the process of cleaning up your credit – it’ll fare better for you.

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