Profile picture for almostangel2007

What is the easiest way for a couple who has shot creidt to go about buying a house?

  • January 19 2010 - Orange
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Answers (2)

Profile picture for wetdawgs
It depends on how "shot" the credit is.

Usually the first thing to do is to:
a.  Work to repair the credit (i.e. credit score at a minimum of 620).
b.  Save up a downpayment of at least 3.5% and a slush fund for home maintenance.

  • January 20 2010
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If I understand you correctly...

Your best bet is to go FHA.
620 Credit Score with 3.5% down.
  • January 19 2010
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