BAD CREDIT OK…!!!!!
If you’re a first time home buyer in Alabama, you have numerous options and opportunities ahead of you. Your first home purchase can be stressful, but don’t worry. Superior Credit Repair has the answers. Our Alabama Home Buyer Program is here to help.
Check your credit score. Don’t put this off until the end of the process. If your scores aren’t where they need to be then we can help raise your scores through our Alabama Home Buyer Program. Check your credit score to determine whether you’ll be able to qualify for the mortgage you need. Compare mortgage rates in your area. This one is arguably the most important.
WHAT WE DO, AND WHY US !
Alabama Home Buyer Program services are intended to help people buy homes by:
- Removing Negative Items From Their Credit Reports through credit repair
- Rebuilding Their Credit With Positive Trade Lines through credit repair
- Teaching How To Maintain Good Credit through credit repair
- Finding The Right Dealership To Complete Their Next Automobile Purchase through credit repair
- Finding The Right Mortgage Broker To Complete Their Next Home Purchase through credit repair
- Knowing their Rights Under The Fair Credit Reporting Act through credit repair
If you’ve never purchased a home before, you may be uncertain about what steps to take to secure a home mortgage or your credit is not where it needs to be to buy a home. Alabama Home Buyer Program created a comprehensive first time home buyer checklist to help you work through the process. The most critical steps are outlined here.
Decide how much you need to borrow. This is important. The loan amount you need will depend on your income and the home you plan to purchase. One easy way to figure this out is to take the gross house hold income of the individual or couple time it by 3.
Decide how much you need to borrow. This is important. The loan amount you need will depend on your income and the home you plan to purchase. One easy way to figure this out is to take the gross house hold income of the individual or couple time it by 3.
LOOK AT THE EXAMPLE BELOW:
A COMBINED OR INDIVIDUAL GROSS INCOME OF $35,000 * 3 = $105,000
This will give you an idea of what you need to be looking for price wise for a home. Find out what loan types and programs are available. There are many mortgage options to choose from, and as a first time home buyer with a clean slate, you can select from nearly any of them if you qualify. Our Alabama Home Buyer Program will make it a priority for you to have many mortgage options available to you. One to consider is the FHA mortgage. The FHA program offers unique benefits such as only 3% down to first time home buyers. You will need a middle score of 640 with no late payments or collections in the past 12 months. For more details and info give us a call.
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