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Is it possible for me and my girlfriend to buy a house for 30,000? we have poor credit and between the both of us we make $ 1,460

by larryparker318312 from Cape Girardeau, Missouri. Aug 19th 2014 Reply


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Aug 19th 2014
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Dave Metsker (DaveMetsker)
#35 ranked lender in Oregon - 2,318 contributions

Your debt ratio may be fine, but most lenders do not make loans under $50,000. A private seller who will lease with the option to buy, and who will finance for a long term, may be you best answer.

Aug 19th 2014
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions

It depends what you mean by "poor credit" plus, how much you have for a downpayment and reserves ($ left over after closing), debt ratio's, type and condition of the property, etc. Check out my blog on this website, "First Steps". Good luck!

Aug 19th 2014
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Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

There isn't enough information here for anyone to give you a great answer... But poor credit is a major hurdle.

Aug 19th 2014
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

Not gonna happen.. who will lend to someone who has a proven track record of not paying the bills? Clean up your credit, save some money, and then apply..

Aug 19th 2014
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