DO YOU HAVE A CHANCE TO BUY A HOME?

By
Real Estate Agent with Greetings Virginia with eXp Realty

Bad credit or no credit, you can buy a home!

Are you scared of buying a home because of the rising interest rates today?

Although it might make sense that you wouldn’t be able to buy a home with bad or no credit, it’s simply not true.

Yes, it is possible!

How to Buy a Home Even With Bad Credit

The Federal Housing Administration (FHA) offers loans specifically designed for borrowers with lower credit scores.

FHA loans have more flexible requirements and may be accessible to individuals with credit challenges.

However, remember that you'll still need to meet specific criteria, and FHA loans come with additional costs like mortgage insurance premiums.

Suppose your financial situation isn't the most favorable for getting loans. However, if you still want to buy a home, protect yourself against rising interest rates and get interest rates lower than the market today.

In that case, there's a little-known technique that most other real estate agents have never even heard about.

How I Helped a Client Buy a Home in Arlington County, Virginia

I’ve helped my client Mina buy their home even without credit to fulfill their dream of getting their two daughters a stable home.

It’s a little-known technique even other real estate agents don’t know about.

They wanted to leave a legacy for their two daughters. They wanted to be a homeowner, but they were afraid of interest rates rising.

When my clients got approved, we worked together to find a home they love and can see themselves living in happily.

Then, I got my corporate buyer to buy the home on their behalf.

My clients rented the home from my corporate buyer with the option to own it in the future, essentially rent-to-own.

Watch this video for the whole story.

This protects them from rising interest rates as many buyers are plagued with the decision to buy because the interest rates keep on rising, and they are still determining if they should buy now or wait for it to go down, which is never guaranteed.

Now my clients get to enjoy their homes and get the opportunity to own them over time.

Suppose you want to know and need assistance buying a home without credit or bad credit in Arlington, Fairfax County, Alexandria, or any location in the DMV.

In that case, I've been a licensed real estate agent and broker for over a decade.

I’ve helped hundreds of buyers find the best home, and I can help you find yours. You can reach me at (703) 562-1788 or Dan@greetingsvirginia.com.

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About the author:

Dan Rochon is Operating Principal of Keller Williams Realty, Alexandria - Kingstowne, VA and Team Leader with Traci of

Dan and Traci & Consultants with Keller Williams Realty.

         

Dan and Traci have been featured in local and national news on the NBC Nightly NewsThe Today ShowThe Washington ExaminerThe Washington PostCNBC, and WTOP News and more for their success in selling short sales.

If you are interested in short selling your home in Virginia, Maryland, or Washington DC call us today at 703-562-1791 ext. 2 


 

Comments (3)

Kimo Jarrett
Cyber Properties - Huntington Beach, CA
Pro Lifestyle Solutions

Consumers who don't qualify to own real; estate without adequate cash reserves should postpone their pursuit until they have dramatically improved their financial circumstances. Before seeking a Realtor, seek advice from a financial planner or professional who can mentor and guide you toward improving your financial capability. Relieve your stress by design and planning. 

Jun 20, 2023 12:10 AM
Charles Ross - eXp Realty LLC
eXp Realty LLC Salina Group - Salina, KS
Love To Help People

Excellent post.Thank you for sharing. Have a wonderful day and a blessed week.

Jun 20, 2023 05:11 AM
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

Definitely another option for the buyer who is cash poor / strapped or dealing with low credit.  I will keep this advise in my back pocket and see if I can take advantage of this great tip Dan Rochon 

Jun 29, 2023 02:23 PM