Daniel DeBoo Realtor Blog

Buying a Home When You Have Less Than Perfect Credit

Buying a home when your credit is not at it’s best is difficult. However, there are ways that you can help improve your chances atsuccess. These suggestions may be just what your circumstances require.

1. Start working on repairing your credit today!

2. Save money to be able to put up a more significant
down payment

3. Check to see if you qualify for FHA loans

4. Be prepared to deal with a high interest rates

5. Find a seller who will carry the the note

The easiest way to buy your home is to improve your
credit first. Do that in tandem with the other strategies. You are not in an
impossible situation – you are just going to need to work a little harder to
get what you need.

Personal experience has taught me that I need to think differently about the carbon monoxide detectors in my home.  This teaching moment came to me when we discovered the heat exchanger in our 5 year old furnace had a broken seal and CO readings were exceeded 125ppm.  When we checked our CO detectors they were over 7 years old.  Since the recommended replacement cycle is 5 years, we thought it would be wise to replace them.  Take the time to check the ones in your home.  Here is a web link from the Missouri extension service  http://missourifamilies.org/features/housingarticles/housing7.htm