Good Afternoon!! Rent to own properties come and go. Our market is changing daily. There really isn't any way to predict what will be available on the market a year from now. You need to work with a buyers agent who can assist you in finding a home that meets your needs and show you what's available and determine your exact move in time frame.
Karen Paytas, GRI, CMS
Real Living Kee Realty
Honestly, that question really should be answered by a lender you trust. It depends on a lot of factors. In short, yes it is possible, but your income would have to be at a place you can afford (by lenders standards) two house payments, your debt to income ratios would have to be favorable (i.e. very little debt outside of your current mortgage), and of course your credit score would have to be close to stellar. I would highly recommend going to a trusted lender in your area (as opposed to filling out some online application) and discuss the possibilities with them. You could also consider renting your current property and having that income to cover your current mortgage, in which your chances of qualifying for another mortgage would be increased.... more
Some counties have downpayment assistance programs. You need to fall within their criteria. Work places and states also have some of these programs. If you are a veteran you would qualify for a VA loan, that is a no money down loan. Ask your Realtor, they usually know what is available in your area.
Give my Loan officer a call and let him help you with getting your credit score. Marc Edelstein 248-379-6749 No Fees, just good honest help.
Rose Tibbles, Tibbles Team www.rosetibbles.com... more
Here is a number to Harbour mortgage (248) 673-1300 They can answer your questions. I do believe that you can qualify but as the lending regulations change so often, I would rather refer you to someone who can help. Tell them I referred you and than I can assist you in finding a home if you like. It may be an FHA mortgage but it doesn't matter as long as you can qualify, Right?
Keller Williams Realty
Commerce Market Center