WIsh I could buy a house in Johns Creek

Profile picture for NaturalBelle75
I feel very frustrated.  We were hit very hard by the economic downturn in 2008.  Spouse lost his job, which means we lost half of our income.  The mortgage became unaffordable as well as the credit card payments.  Of course this resulted in a poor credit score.  Fast forward to 2010, things got better. We moved for my promotion.   Husband still unemployed, but my income rose substantially.  And it rose even more significantly in 2011.  Even though we were past due 120+ days on the mortgage, I made it right and paid it off.  We are renting in Gwinnett and always pay early or at least on time.  I make enough money and have great job stability.  I'm so grateful that my salary has improved so much.  However, credit is still poor.  I know a lender wouldn't touch me with a ten foot pole.  I really like the townhomes at Abbott Falls and Abbotts Bridge Place and they're in my price range.  What options, if any, do I have to be able to purchase?
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January 24 - Johns Creek
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Profile picture for Rita Walker
You never know that a lender won't take you till you talk to them. If the credit is that bad they may be able to suggest a plan of action for you.
Call a good Mortgage Lender.
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January 24
Profile picture for John McKernan
It would be smart to speak with a very good lender to determine what actually can and cannot be done right now. In the event that nothing could be done immediately as you believe, you can establish a relationship with the lender and put a plan in place going forward. It is always much easier to work from the known, rather than operating in the maybe's.

My clients have had great success with Mark Zielinski at Fidelity Bank. He has a great team in place that is very experienced and responsive. I would suggest giving him a call tomorrow morning at 770.649.4915.
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January 24
Profile picture for EthanAtkinson
You have a few options if you have a bigger down payment as well - Talk to a mortgage pro first. Then if that doesn't work there are a ton of people trying to sell right now who would be willing to do a lease purchase or owner finance deal where in a year or two when the credit picture looks better you can refinance into a regular mortgage. If you are still searching I have plenty of lenders that are offering the best rates in history
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February 16
Profile picture for RealEstate_NOW
You should seek counsel with a reputable mortgage lender. 
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February 17
 
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