Category Archives: home purchase loan

Where do I find buyers who cannot qualify for a loan to purchase a home?

I am an investor with a group of investors who have have real estate properties around the US, mostly single family, townhomes and condos. One of our investment strategies requires finding buyers who are not able to qualify for a traditional loan. With us, the only need 3 payments and closing costs to qualify to [...]

Can I use a Home Loan to purchase a home, then flip it after the repairs are done?

Can I also use the equity in the home to do the repairs? Yes you can get a loan to purchase, but you’re not likely to have much equity available to borrow from for the repairs. Also, be prepared to sit on the house for at least several months before selling. "Flipping" ain’t what it [...]

How can I (with a poor credit score of 530) get approved for a home purchase loan that isn’t outrageous?

Have tried FHA, and other avenues, to no avail. Have tried cleaning up credit, but it hasn’t helped much. High rent I am paying makes it hard to pay other bills on time. Trying to buy and hopefully lower my monthly payment. Any advice would be greatly appreciated. You can’t so just chill-out and rent [...]