Loan Programs

You Can’t Buy a House Because…

After watching hours and hours of HGTV or fyi, and seeing tiny houses or big houses or beachfront houses you decide you want to buy one of these houses. But, you realize you might not be the most attractive borrower.  You might believe because you have credit issues or because you are self-employed lenders will not give you a mortgage. The truth is you could end up getting a loan despite these hurdles. You just need to know how to accomplish what you want. Here are some common reasons buyers believe they would not qualify for a loan.

• You’re income is not stable because you are self-employed or you know self-employed buyers usually have a difficulty getting a loan.
• You feel you don’t make enough money to qualify for a house.
• You do not have the 20% down payment or any money for a down payment for that matter.
• Your credit is horrible and you know you will not be approved for a home loan.

These reasons do not have to stop you from owning a home. The purpose of this blog is to cover these situations and offer some options that will help you navigating the system.  This blog might not help everyone, sometimes you do have to wait. Sometimes there are things you have to do to prepare yourself.  These tasks might take some time but, starting now is better than assuming the answer is no.

Which of these situations most closely match the hurdle you need to overcome? Browse the site and see if any of the ideas appeal to you and help you out. Also, see if any of the other topics catch your interest or better prepare you for home ownership. Budgeting is a large part of home ownership so don’t be afraid to branch out an learn all you can from the information offered here.