Listen,i am the one that ask going on for the co-signer on a loan they be only getting us a co-signer to show more income and refinance in six months, i am going by what they

income and refinance in six months, i am going by what they are recounting us,if we keep waiting we might be to dated,everybody has a dream and my dream is to own a home,my childern are grown now we could not afford one when we be raising we have six because times were so concrete they did not get to relish having one to grow up surrounded by just projects can't we procure a break?

Answers: They are tightening the criteria for lower income people who are "sub-prime". Beware of anyone who say they can help you into a loan right immediately easily. I lived on gov. housing assistance 3 years ago surrounded by a county-owned unit. I in a minute own a 4 bdrm 3.5 bath on 2 acres within the woods with my own stream. I looked for a small, insignificant parcel of territory, on the outskirts of our Metro area. Anyone can do it. Sometimes they're priced low if they're subsequent to train tracks, but be certain that it "perks" if it's contained by the rural country (with no public water/sewer). Outside of Washington DC you can still buy a small lot for about as much as you would spend on a fancy motor $45-50K. But you must be willing to drive distances as a commuter.
The first step is the hardest step. Getting the 1st loan, will instigate doors for the other loans you will need. Once you pre-qualify, borrow on a 15-yr loan and buy lightly cooked land. Pay ALL you can for around 6 months, to pay bad a small chunk of the loan, plus this will make your credit look pious to banks. Banks appointment this "equity." Go to the bank again and ask for a 100% financing construction loan. They will pre-qualify and report you how much money you can have base on your income. Even if they tell you just $100K, that's enough to build a small single line house on a slab foundation. If you get approved for the 100% financing construction loan, at closing they will retribution off your come to rest and roll that expense into your loan. Find a modest contractor, who understands your finances, and speak next to a modular home company as well. Some modular companies gross 2-floor homes for well below $70,000. So in total you may owe $45K on the come to rest, $70K on the house, and $30K on the foundation and finishing. That's a $145K single family house near 2 floors, fresh paint and new mat and possibly 3 bdrm 2 baths on private lot! It's not easy, but it is supportable for anyone without a co-signer and low-income and poor credit.