Buy A House With Bad Credit in Texas. Regardless Of No or Bad Credit.
If you’re tired of paying rent and getting nothing in return, and you want to own a house in Texas but your credit score, 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 Texas is a real possibility.
We specialize in assisting Texas residents to become homeowners through our Texas Private Financing Type of Program. This means there are never any banks involved.
If you can’t secure normal financing, no worries at all! Buy A House With Bad Credit offers great home choices in Texas. Actually you can find the house you want to buy, any home, and we will help you to get it and own it!
We are the alternative to buying a house the traditional way. You do not need to have a perfect credit score and we offer payments to fit your budget that are comparable to market rents.
You are not renting the property or renting to own the house. You are buying it without the bank. You are the home owner from day one and that is the dream.
Buying a home is hard enough when you have good credit, but trying to buy one with bad credit in Texas 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 Texas
It’s a lot easier than you might think – and we can help you do it. The process is really pretty straightforward. Let’s explain to you how our process works so that you can learn how to buy a home with bad credit in Texas!
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 realtor and then you will find the house that you want. Any house. Anywhere in Texas. Our partners private investors team will purchase the house of your choice, any house that is within your approved amount, and then put the deed directly in your name. It’s that simple. You are the homeowner from the moment you close at a reputable title company.
Our investors finance the property for you. This is really common and every closing is handled by a state licensed attorney or authorized signing service, just like every other real estate transaction in Texas. So you can rest assured that everything from start to finish 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 Texas
We are a local real estate investment company that offers our properties, plus any property on the MLS, to deserving families that have a reasonable down payment and the ability to pay a monthly payment comparable to rent. We offer Bad Credit Home Loans in Texas.
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 Texas are usually pretty limited and most people are programmed to think that it is impossible. We are trying 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 Houston 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. We offer Bad Credit Home Loans in Texas.
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. We offer Bad Credit Home Loans in Texas without a co-signer.
- Making A Larger Down Payment
One of the easiest and best ways to qualify for a bad credit home loan in Houston 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.