The borrower was married in her early 20’s – had 2 children, and never finished college. Her husband left her a couple of years ago, and she ran into some financial problems… but she hung in there, got a second job, got her mom to help with the kids… went to school and got her degree.
Now she’s a nurse and she contacted us earlier this year to see if she qualified to purchase a home. Unfortunately her scores were all in the mid – upper 500’s. In order to purchase a home, you really need at least 2 credit scores at or above 620. She had a boyfriend (who has good credit – really nice guy) and they wanted to purchase a home together. With just his income, they could purchase around $150,000 but with HER income they could get the home they loved that cost $245,000.
It’s been almost 6 months – but with a ton of determination – we did it! Her scores hit 621 and 623 last month and she was able to purchase her first home! She was so excited at the closing because her boyfriend proposed the night before! Don’t Let Bad Credit Stop You From Buying A Home!
If you have questions about your credit, or buying a home… please call Steve Thorne, 919-649-5058