Buy A House With Bad Credit in Dallas. Regardless Of Bad or NO Credit.
If you’re tired of renting, and you want to own a home in Dallas but your credit, lack of down payment, or income is holding you back from qualifying for a normal bank loan. We can help you! We can show you that Buying A House With Bad Credit in Dallas is a real option.
We specialize in helping Dallas residents become homeowners through our Dallas Owner Financing Type of Program. This means there are no banks involved.
If you can’t secure conventional financing, no worries! Buy A House With Bad Credit offers great homes in and around Dallas. Actually you can find the home you want to buy, any home, and we will help you own it!
We are an alternative to buying a home the traditional way. You do not need to have perfect credit and we offer payments to fit your budget.
You are not renting the property or renting to own. You are buying it without the bank. You are the home owner from day one.
Buying a house is hard enough when you have great credit, but trying to buy a house with bad credit in Dallas may seem almost impossible. Luckily, you have have found us. Seriously, we are helping more people everyday, just like you, get back on track and actually become homeowners. Call us at 844-266-7026 with any questions.
How To Buy A House With Bad Credit in Dallas
It’s easier than you think – and we can help. The process is really pretty straightforward. Let’s explain how our process works so that you can learn how to buy a house with bad credit in Dallas!
We have a simple home buying program that allows you to get approved first, then we will set you up to work with a licensed Texas real estate agent and you will then find the home that you want. Any home. Anywhere. Our partners private investor team will buy the home of your choice, any home that is within the approved amount, and then put the deed in your name. It’s that simple. You are the homeowner from day one.
Our investors finance the property for you. This is very common and every closing is handled by a state licensed attorney or authorized signing service, just like every other real estate transaction. So you can rest assured that everything is handled professionally. Call us at 844-266-7026 with any questions.
We Can Help Get You A Bad Credit Home Loan Even If You:
- Are Self Employed
- Are A Business Owner
- Are Credit Challenged
- Are A Foreclosure Victim
- Are Faced With Bankruptcy
- Have A Judgement or Liens
- Are Recently Divorced
- Are An ITIN Holder
And every situation you can think of that doesn’t meet the requirements of traditional bank financing. Call us at 844-266-7026 with any questions.
Bad Credit Home Loans In Dallas
We are a local real estate investment company that offers our properties, plus any property on the MLS, to deserving families with a reasonable down payment and the ability to pay a monthly payment comparable to rent. We offer Bad Credit Home Loans in Dallas
The types of houses we tend to offer include but are in no way limited to…
- 2 bedroom – 4 bedroom homes
- 1,000 – 2,500 square feet
- Updated kitchens and bathrooms
- Often times many upgrades
Each home is different, so there’s definitely the perfect home out there for you.
Options for Bad Credit Home Loans In Dallas are usually limited and most people have been programmed to think that it is impossible. We are willing to re – educate, if you will, the average person with bad credit. Listed below are some of the ways that bad credit home loans in Dallas are obtained.
- FHA loan
A Federal Housing Administration, or for short, FHA, loan, can have a lower threshold when it comes to your credit scores. Even if you have a credit score as low as or lower than a 580, you can still qualify for a mortgage by paying a down payment based on standard FHA requirements.
Trying to qualify for an FHA loan, buyers are required to be able to pay at least 3.5 percent of the total home cost if they have a score of 580 or higher. For a score that falls below 580, a buyer must be able to pay more than 10 percent of the home price as a down payment to qualify. If you just went through a major set back such as a bankruptcy or if you are self employed then these requirements may be more strenuous.
Bringing in a co-signer is another great option to help you qualify for a mortgage if you are experiencing bad credit. The loan co-signer will need to understand that if you fail to make your mortgage payment on time every time, he or she is responsible for that and will take a hit on their credit if it is late or unpaid. And, if you go into foreclosure, that person’s credit suffers tremendously.
- Making A Larger Down Payment
One of the easiest and best ways to qualify for a bad credit home loan in Dallas is to make a larger down payment. Usually, this requires a down payment of 20 percent or more of the sale price.
The average lender tends to view a large down payment favorably when approving credit, as it signifies “Skin in the game” or an investment on your end which, to the lender, signifies less risk because they know you don’t want to lose 20 percent. Also, they can recoup that much if they had to foreclose and re-sale the home. Call us at 844-266-7026 with any questions.
Our Basic Terms For Buying A House With Bad Credit
- Investor & Home Buyer Purchase Programs
- Based on your Income
- Low Credit Score Acceptance
- Easy Qualify
- No PMI Payment
- No Pre-Payment Penalty
- No Balloon Payment
- Typical Refinance Under 2 yrs
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Call us at 844-266-7026 with any questions.