How to buy house with no co signer?

my score is low like in 520's I already have a loan out im trying to pay for school... yet i get late sometimes and i actually stopped paying for a couple months because I had to pay for my wedding. I am just kinda wondering what to do. just turned 24.How to buy house with no co signer?
Sweetie, you have a rough situation here. You've taken out a loan to pay for school, you just paid for a wedding and you are only 24. Isn't it possible to wait a little while to buy a house to allow your credit score to come up, get out of debt some, and not have to depend on a co-signer? You didn't say whether or not you have a steady job, but this is an awful lot of pressure for a 24 year old person to have on their shoulders. If you don't want an apartment, then try to rent or lease a house for a while until your circumstances are better.How to buy house with no co signer?
You're gonna have to put a huge downpayment (cash.) If you have good credit, sometimes you don't need a co-signer.
Try to work a payment plan with your loan officer..otherwise you are screwed.
FHA is your answer. FHA is less credit score sensitive and as long as you have a 12 month history of making all your payments on time and less than $1000 in collections you are good to go. So, call the lender and get back on track with them and keep paying your other bills on time and by the beginning of 2009 you will be qualified to buy a house.
The lower your score, the higher the down-payment that will be required and the higher the interest rate that will be assessed.





Pay off your bills and keep them current. Don't be late, don't miss payments. Every report of late or missed payments negatively impacts your credit score. Also, the higher your debt-to-earning ratio, the lower your score. That is, if you have a declared (and provable) income of $4,000/month after taxes and your monthly debt payment expectation is $1,500, you debt to earning ratio is 1500/4000 = 37.5%. The higher this number the harder it is to take on anymore debt.
FHA loan is your answer. You can read the best info about US mortgage types here. http://all-mortgage-calculators.blogspot鈥?/a>
well depending on which state you live in....there are many different options. I know you could try to find a hud home. They are homes that have been forclosed. I would suggest googling them and try to see if there are any in your area. Most of the time you can get in with like $100 dollars down and then they will find a home that you can afford...the will work with you..It's through the government and you can get grants to help fix the house up if it's needed. ALot of homes are perfectly fine...just families trying to keep up with the jones'.
Forget about buying a house for a while. You need to get more financially stable with your current situation. If you buy a house, you can't just stop paying for a couple of months because you have other expenses. Start being financially responsible, pay all your bills on time, save up a decent amount for a down payment. Then, in a couple of years when you are more established, you can try looking at home ownership.
You are not in a position to buy a house. Save your money for a real down payment, get a better job, stop screwing up your credit score, THEN look for a house.
rent
you should wait awhile until your bills are paid off and your credit is higher or else you are going to get stuck with a really high interest rate and put yourself in more debt
Buy the property first and then eventually build a house. If you already own the land then you won't have to make a down payment on building a new home. Saving the money will take some time, but then instead of buying a a regular house, you can build your dream.
Well you and your husband can go for a lease purchase, that will allow you to work on your credit for one year.And if you still don't qualify usually lease to purchased will let you go two years but the amount of the house will go up..then you have two years too get your credit up and try for a mortgage.
You need to seriously work on getting your credit score up, and being more financially responsible. These are key things that lenders look for in a borrower, so I would invest on some classes or even just books that might help you get on track.





There are also some communities that have affordable housing programs that you might want to look into.
It may be wiser to rent until you straighten out your creidt and get your credit score up. theu only way to obtain a mortgage in your situation without a cosigner is to either get the loan with a higher interest rate or you would have to put down a high percentage of money down on the home. Hope this helps, good luck!