first time home buyer – owner loan

April 30, 2009

Which is a better way to finance a home as a first time buyer with poor credit?

Krme asked:


I am a first time home buyer with poor credit. I would not get approved on my own. A friend has offered to either buy the home and I do a rent to buy contract with them or we could be co- owners. If we are co-owners would they base the approval ammount and intrest rate on his credit? If he has bought a home in the past but I have not- would I get the first time home buyer tax credit if we are co-owners?

Alexander
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1 Comment

  1. Janice

    Comment by Anonymous — May 1, 2009 @ 3:35 am

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