I am getting married in August and my fiance and I both have mottled credit. His credit is better than mine, but unfortunately, he owes back child support and cannot get a mortgage as long as that is in place. Our mortgage broker suggested we get a personal loan to pay off the child support (even if it is high interest)and then spend about a year getting ourselves on our feet. Then he can roll the remainder of THAT loan into a mortgage using my husband's credit. The problem is, this would be a personal loan and we have no assets to secure it. Do you think it is possible to go through conventional means with this loan or will we be better off trying to find a private investor looking to make a high rate of return in a couple of years.... The amount would be around $16,500. Any ideas?
Thanks!

I have lenders that do not care about previous account balances. They would like to leave that up to Jerry Springer or Courts. But if your FICO score is good enough well my services are here. Please email me at jandrews@sacelkloans.com. I am under user jandr but temporarily down and moderator is graciously working on getting us members back on track. I just dont want you to feel as though you are unable to obtain homeownership. Lets Talk. Jason Andrews

Jason,

Thank you...my understanding is that for a 0% down mortgage, the FICO must be at least 580. That is not the problem. The problem is that we cannot use my husband's FICO because he cannot get a mortgage while he has back child support, so we need to pay that off first. I would appreciate any insight... Thanks!
Jennie

Hello, Im in a simular situation. Let me know what services you have found. Much appreciated

Richard

by the way you can email me directly at richard.ensley@sbcglobal.net.