Just because your credit score isn't ideal, doesn't mean you can't finance a home. Consider these options:

• The FHA offers affordable financing to first-time buyers and others with less than a 20% down payment. Those who qualify may pay as little as 3.5% down!

• The VA, USDA, and Navy Federal Credit Union are three government-related lenders that offer mortgages with as little as ZERO down. The VA serves veterans and family members; the USDA typically serves buyers in rural areas; and the Navy Federal Credit Union serves military personnel and their families, as well as some government employees. 

• A parent, other relative or friend (who has good credit and is willing to take on the responsibility) can co-sign your mortgage loan.

• Some local and state agencies sponsor assistance programs. For more information, visit websites such as DownPaymentResource.com and NeighborWorks.org.

If you're not already working with a lender, I would highly recommend calling Evangeline Scott. She's a Certified Mortgage Planner with Finance of America who can not only help you get started on a loan, but she also works with clients to repair their credit and discuss options to  help them get to a more financially secure situation.

C: (916) 496-0160

E: e@TeamScottLoans.com

Folsom Branch | 950 Glenn Dr., Ste 265, Folsom, CA 95630