A nonexistent or bad credit score can prevent you from doing a lot of things in life. Many Americans still have a credit score below 600, meaning they cannot obtain a mortgage. This can make home buying in San Antonio a daunting task, but check out our tips on how you can persist to become a homeowner.
Try to Improve Your Credit
It may seem obvious, but taking small steps to improve your credit score now will pay off in the long run. Sit down and reflect to determine if you’re over your bad spending habits. By committing to paying off your bills in a timely manner, increasing your income, and no longer applying for more credit, you can take steps to increase your financial stability.
Consider Seller Financing
One option for buying a home is seller financing, where the seller finances the property so you don’t have to take out a new loan. Sellers typically won’t ask to see a credit score, so you won’t have to worry about a bad credit score. However, you want to take care to ensure the sellers don’t have a mortgage on the property to avoid difficulties with “the due on sale clause.”
Need assistance buying a home in San Antonio?
If you want to buy a home in San Antonio but bank financing is proving difficult, contact our team at All Good Deeds Homes for help! We can show you amazing homes that won’t require traditional lending approval. No matter what your financial situation may be, our creative financing solutions can help you become a homeowner today, even with a bad credit score. Contact us today to learn how we can assist you in reaching your goals.
Assisted Home Buying for Those with Bad Credit Scores in San Antonio
Serving Central Texas including San Antonio, Georgetown, Killeen, Pflugerville, Leander, Cedar Park, Temple, Austin, Round Rock, San Marcos, Bastrop, Buda, New Braunfels & Kyle