Mortgage broker that deals with low credit score???
I need help, my husband and I have been turned down for a mortgage a couple times. He has absolutely no credit history, I have a low-middle score. We have recently found a rent to own which is okay for now but is verrrry small and we don’t own the land. I know that we can’t stay there forever, but worried our credit won’t be excellent enough by that time. We want to have a family but I’d like to be a small more secure before that happens. God, I despise money. Why is it that other people that have worse credit than us can get approved???? Does anyone know a trick that can help us along????
sorry, forgot to mention I’m in Alberta, Canada, if that matters
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Tags: alberta canada, couple times, credit history, god, money, mortgage, score
Have you tried FHA loans, as long as your current history is ok in the last 12 months (usually this means a score over 580). You should be ok, FHA revies credit history not score and they will be willing to look at alternate tradelines (such as utility bills) for your husband since he has no credit. If you can hold off, i’d wait at least a year open a few accounts in your husbands name and make sure he keeps paying them on time. Continue paying your bills on time and keep the amount of debt on them low. in a year or so he should have established some history and your score should raise some.