Looking for you to invest in me

[Alice Ireland]

I am a certified alcohol & drug counselr for 2 years now. My fiancé is disabled from the military, together we make great money, low credit scores around 600 or so. We want to buy a house but can't find any one to give us a chance. We can make a payment, we are responsible enough. We just have made mistakes in the past. We need HELP !!!
We want to buy a house in Bucksport Maine and are looking for a buyer or lender and let us show you we are committed to our future.
We know we have what it takes and are tired of renting when we could own. I will be 40 this year and he is 47 so we are not young anymore.

[Joel Owens]

Alice usually it depends on what type of house it is. There are some investors who loan out to owner occupants but the new regulatory rules are making that harder now. The Investors typically stick to the lower income houses for the area so they can dump them quick if something goes wrong.

If you have no cash and marginal credit and can barely make a house payment you will have to change your life before getting a loan.

To be clear I do not do any owner occupant loans etc.

You need to analyze your DTI (debt to income) ratio, credit scores, and after looking at properties online figure out how much of a house you are wanting and what it will cost.

You say you have changed and to give you a chance but you have to show lenders that you have changed. Even if an investor would finance you the rate charged to compensate for the risk of a marginal buyer you would not like the interest rate or money down. This is why it might be best to use a mortgage broker in your area who will work with you on your credit and tell you the steps needed to eventually qualify for a regular loan.