Mortgage Help for "thin file" little credit?

I am 19 me and me girlfriend are going to get married and we want to get a house we both work full time I make about about 15000 and she makes 25000 annually we also want her mom to move in who gets around 12000 a year and with help with the mortgage. My girlfriend has bad credit because of not having medical insurance so has medical bills and the city she lived in left her utilities on in old addresses for years 6 in one location so she has thousands owed to utilities and her mom is in the same boat. I currently am also a full time college student I work very hard as does my girlfriend and I want us to be able to get a house. On paper I make so little but I only have good credit with my car payment which has been paid on time for the 10 month lifespan of the loan which is 2 years (totaling 00) although I am saving up and will have it paid off by February though and the only other thing on my credit is my student loans ( totaling 50)which i am also in good standing with, I know all of this because I checked my credit report but not my credit score because it costs money and I don’t have a credit card also though I have applied for a discover card and was declined the only other checks on my credit were twice when I was looking for a car and my bank twice trying to get credit over draft protection and my car loan a have a co-signer. I am no longer living with my parent but the rent isn’t in my name all the bills are though but only since July this year. The house market where I live we could get a nice house for about 50,000 we wouldn’t be able to make a big down payment but want to take out only a ten year loan and could afford an interest rate up to 9%. We have heard the are going to extend the 8,000 first time home buyer tax return till April next year which would be nice for paying off the home early but we would definitely like be in a home before next summer and 8K would be nice too but what things I should do to try to get this accomplished. Would getting a credit card with an annual fee and always paying the balance be a good idea because I thought the cards you have to pay to have are a scam or didn’t report to the credit bureaus; and how do I get pre-approve and would this be a good idea at this point or would it be a waist of my time and make my score worse?

I have a credit score of 605, can I get a mortgage (I have 150,000 for down payment)?

on January 1st, 2011
Posted in: Bad Credit Score Mortgage     Tags: , , , ,

I have a bad credit score of 605 (paying for previous bad choices). I have 150,000 cash down payment that I just inhereted. I am looking to purchase a home around the 225,000 range. Will I qualify with such a low credit score? I only make 30,000 a year and about 550 a month goes to car payment/credit cards.

I need a list of lenders that will loan a home mortgage to someone with a credit score between 545 and 550?

on November 16th, 2010
Posted in: Bad Credit Score Mortgage     Tags: , , , ,

I make 48k per year. Circumstances that have led to bad credit rating are a 60 day late car payment that occurred two months ago. The car has since been paid off. Credit cards are close to the max but always paid on time. Please only respond with a list of possible lenders thankyou.

If you are dealing with a bad credit score?

I paid off or made payment arrangements with everyone of my debtors two years ago.I have since,paid everything on time.Have most auto-set up payments,always pay more than owed on loan,own a business that is doing well,own my home,no mortgage,yet my credit score remains at 538. Most places I look up for help require you to be at least 10,000 in debt.I`m not in debt at all.The only past payment I owe is a hospital bill of 2,000 that is being paid off monthly.The only other payment is a car payment and one credit card with a 320.00 limit that I got to help me raise my score.I only use the card for minor purchases and pay the complete bill each statement…..HELP!!!!

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