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Where do we begin? First time Homebuyers with less than perfect credit???

I did receive some mortgage quotes from this site.... What's the next step?
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August 30 2012 - US
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Answers (6)

I suggest that you contact at least two mortgage brokers and maybe a creadit union.  Ask them to guide as to how you can improve your credit, in the first instance, then when you are ready to purchase interview a few buyer agents so they can help you find your home.  Good luck!

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August 30 2012
Get a recommendation for a GREAT lender and speak with them. If you are not able to buy now, almost all of them are willing to give you specific steps to take to improve your credit or your employment history etc. A reputable lender will give you a timeline for when it is likely you will be able to be pre-approved. Good luck!
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August 30 2012
The horse before cart reply is exactly right. Get pre-approved first!!
Good Luck to you!!
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August 30 2012
If you have less than perfect credit, you might talk to some real estate agents to see if they have a credit repair service that you can work with. I know that I have a couple of lenders that will do it for free because they want your business when you are ready to buy.
Once you get approved, then work with an agent that you are comfortable with. A home is a big investment and you want to be sure that you are not pressured into a home that you don't want, and that you work with an agent that will make sure it is a pleasant transaction. Good luck.
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August 30 2012
Thanks for posting your question on Zillow.com!

Horse before the cart - get pre-approved.  There is no step that should be taken before this one.

Good luck.
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August 30 2012
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Here's a link to a guide "home buying one step at a time".
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August 30 2012
 
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