RentToOwn-HouseFinder.com
Looking for lease to own homes with bad credit?
Hi. I am looking for a lease to own property in Shelby Township, MI (48316). I have noticed that there are quite a bit of vacant homes in the area however I am not able to qualify for a mortgage at this time due to extremely poor credit. I was wondering if by any chance there are any programs/individuals that would be able to help me in my situation? I know about the restore your credit programs and stuff like that but I am in dire need of something asap like August 1st. Any advice/suggestions is greatly appreciated. Thank you in advance.
Public Comments
- Finding someone willing to sell you a lease to purchase home is going to simply be a matter of finding the right seller. I would recommend calling around to a few Realtors and letting them know what you are looking for as chances are someone has probably heard of someone that is willing to do this type of sale. Also, you may want to consider buying a home via land contract. This will allow you to buy a home now and simply pay the seller each month for the mortgage and within the next year or 2 when your credit improves you take will finance the home completely into your name.
- If you have any money (5-10000.00), you can lease with option to buy in 2 years, some owner will let you rent the house with option to buy even if you don't have any money, but your monthly rent will be higher. If you have 5%-10% down pmt and you are working, some of the owners can do owner finance, and in a few years when you fix your credit you can refinance for a better rate. So, you still can, call a Realtor, they will help you to negotiate the deal. Good Luck!
