Most rentals involve some sort of background check, but not all. That background check often involves checking the credit score however that’s not always the case. Down payment and monthly rate can be affected by a credit score but it will be up to the landlord/management company. Have you considered buying rather than renting? Often the payment to buy can be equal to or less than a rental payment.
Maybe soon but not right away. Most lenders will require a floor of 620. I can refer you to a lender who can go through your credit report with you to find ways to bring up your score. Perhaps you can be in a home by the end of the year.... more
There are some mortgage companies that can qualify you for a home loan with a low credit score. Don't get discouraged if you get turned down by the first or even the second mortgage company that you contact.... more
I have two rental properties coming up in August. One is a two bedroom, two bath townhouse with a single garage - one story for $1300
The other is a large two story home on the east side, 4 bedrooms 2 1/2 baths for $1600... more
No, both do not have to be on the loan. Contact me for more info on buying a home or any other questions you may have. My cell is the easiest way to contact me.
Jeanne Blake Realtor
Patterson Real Estate Agency, Inc.
Lic. by the LREC
The Tri-Parish area has an amazing school system. The majority of Terrebonne Parish private school do have bus transportation via public school buses. Lower Lafourche does not have private busing system through public school board.... more
I have searched the Multiple Listing data base and I don't see anything on Lacroix Dr. that is listed at this time. There were two properties listed but both of them were withdrawn from the market. Sometimes a forclosure property may have title problems and the REO company that owns them with take them off the market until the title problem can be fixed.... more
This house is a repo and it is currently under contract. With repos, they usally do not take back up contracts, but if something happens with the first contract, they put the house back on the market. Repo's are never available for lease or rent to own, but sometimes an investor will buy it, repair it , then rent it.... more
Two different loans by 2 different divisions of the Federal Government,
FHA generally requires a down payment of 3.5%, and mandated mortgage insurance, no restriction as to where the house is located,
USDA Rural development, doesn't have a down payment, but does require a "funding fee" and is restricted as to where you may or may not live
contact your bank for all details... more