Hi Everyone,
I am one year out of Ch. 7 now and my scores are in the 600's. I have an Orchard secured card that I use for gas, which has helped my score.
Anyway, we want to buy a house. Problem is that we live in California and the prices are ridiculous. At $500,000, we would need $100,000 for a down payment! It doesn't help that hubby has had no need for credit for a long time and he has no credit line at the moment (he has never filed bk).
We were told about finding someone who does manual underwriting, and we were told to find sellers that are willing to finance.
Anyone have any experience with this or advice? Thanks!
I am one year out of Ch. 7 now and my scores are in the 600's. I have an Orchard secured card that I use for gas, which has helped my score.
Anyway, we want to buy a house. Problem is that we live in California and the prices are ridiculous. At $500,000, we would need $100,000 for a down payment! It doesn't help that hubby has had no need for credit for a long time and he has no credit line at the moment (he has never filed bk).
We were told about finding someone who does manual underwriting, and we were told to find sellers that are willing to finance.
Anyone have any experience with this or advice? Thanks!
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