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Me and My Husband has less than perfect credit what can we do to buy a home in Jacksonville florida

We are relocating to the Southside of Jacksonville from Georgia.
  • March 08 2014 - Loretto
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Answers (6)

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Less than perfect credit can mean many things, so you need to be more definitive. Credit score is not the only issue if you are moving to a new area. Are you transferring with current job? How are you going to be paid at the new job? Down payment money/closing costs? You need to contact a loan officer and put it all on the table, so they can break it all down for you.
  • March 10 2014
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Speak to many different mortgage sources here in Jacksonville. There are many options that range from the big banks to mortgage brokers. TRUST comes into play here as you will want to make sure you work with someone who you are comfortable with and who can explain all the options to you. I wish you the best of luck!

Liz Bobeck
  • March 23 2014
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Do you happen to know where your scores are currently at? If they are at least above 580, then you have a chance at obtaining a loan. Some lenders can go as low as 580 when it comes to mortgages. If you are below 580, then you may want to spend some time fixing your credit. The simplest way to fix your credit is to pay off your taxes and revolving credit balance on time. There are also other important financial factors such as debt, income, expenses, assets, employment, down payment, as well as credit. The best thing for you to do is to speak with a knowledgeable lender to see if you can get started on financing a new home. If you need additional assistance, feel free to reach out. Good luck!
  • March 10 2014
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What do you mean by "less than perfect credit "  What is your timeframe?
  • March 09 2014
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Repair your credit. Homeownership carries a lot of responsibilities. Go to a local bank, talk to a loan officer and ask what you have to do to get to where you need to be to qualify for a mortgage. The lower your scores the higher the risk a lender takes to lend to you, the higher your interest rate will be. So if your credit scores are low you will pay higher interest rates, not just for a mortgage but for any credit.
There is a company in OR, HomeLoanBanc, that uses a program which creates different scenarios for different measures to improve your credit. I assume that program is being used by lenders in your area as well, ask for it.
Once your credit is within a range that allows for decent interest rates make sure you are able to keep it that way.
  • March 08 2014
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The ability to qualify for a mortgage and the amount of mortgage depends on your income, debt, credit scores and down payment.    Do you know what your current FICO scores are?  
  • March 08 2014
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