Can I Buy A Non-Investment Home using Private Lenders

[Allen Gregory]

As of today, my credit is about 530 and I'm working with someone to get it raised about 150 points in the next couple months (should be before end of year). I want to buy a house but I haven't had a job in years.

I'm just starting to make money in my internet business and I'm working with a partner putting together lease option deals.

In the next couple months, I fully expect to have at least $50K in the bank and at least one LLC setup for my business.

I was thinking about doing a lease-option but I'd much rather set down roots and just buy a place. I'm not willing to wait 2 years to have tax returns and all that jazz. I figure if I have a decent amount of money in the bank and a 680 credit score that I can get a private lender to fund the transaction.

I realize I'll have to pay fees and points. I don't care. I just want my house. Would a private lender work with me? I'm figuring s/he would but I just wanna check with the experts.

Thanks.