First time homebuyer programs are designed to work well with people that do not have credit established. Using alternative credit, such as, auto insurance payments, utility bills, mobile phone bills and pager bills, can help with establishing credit. These forms of alternative credit must have a history of 12 months and must be paid on time for the previous 12 months.

Please keep in mind these opportunities are not available at all lenders. We need to meet with you and discuss your situation so that we can send you to the lender that can handle it.

If your situation does not fit perfectly into these guidelines give me a call at (314) 752-3140 and we can talk through your situation on the phone.

Many of the first time homebuyer programs will work with people that have some credit issues. What is most important in these cases is that the credit problems are in the past.

Bankruptcies need to be at least one or two years old depending on the situation. If you have a bankruptcy in your past, give me a call to discuss your situation in particular. We have a wonderful record of selling homes to people with a bankruptcy.

You can buy a home easier than you can buy a car.

If you have credit problems in your past, they need to be satisfied. This means if a car was repossessed five years ago, and you still owe $3,000.00, you will have to settle that account prior to closing on a home. Slow payment can only be fixed with time. These situations are handled on a case-by-case basis. For the most part, if you have made your payments on time for the past six months, you have a very good possibility of being approved.

Just because you might have credit issues, does not mean that we will only get you a house loan with really high interest rates. In fact, the opposite is true with the first time homebuyers programs available. The first time buyer programs mean you have no down payment, and better interest rates than any other homeowner could even dream of getting. So you don't have to worry about high-risk loans with double-digit interest rates and large down payments.

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