If you are interested in purchasing a home I have listed some required steps that must be taken to qualify for a mortgage. If you want something you’ve never had you must be willing to do something you’ve never done.
CREDIT- You absolutely need to know what your credit score is, you can check this at https://www.creditchecktotal.com for $1, make sure to cancel the FREE 7 day trial after you get your report because after 7 days you will be charged $29.95.
If you have NO CREDIT, you need to go to your local bank with $500 cash and get a secured credit card, make sure to only use 1/3 of the total available credit. You can also check this link that offers introductory deals for people trying to build their credit, I recommend https://verified.capitalone.com/sic-ui/#/esignin?Product=ENTERPRISE https://wallethub.com/credit-cards/free/
If you have LOW CREDIT score, ask someone you know who has a least a 20 year + credit history and have them add you as an authorized user, this will help boost your score.
DEBT- there is good debt and bad debt, but before you can even think about good debt you need to get rid of the bad. If you have COLLECTIONS, call the collector and negotiate the debt down and pay it off ASAP. Make sure they give you a payoff letter and remove from the credit bureaus, If you need help with the removal process ASK ME.
INQUIRY- Inquiries hurt your score a lot. HARD inquiries hit your credit SOFT inquiries don’t; ASK before you agree. During this process DO NOT apply for miscellaneous things car, credit cards etc. Inquiries stay on your credit for up to 2-3 years, there is a process for this removal but If most are accurate they will stay on your report until the 2-3 years is over.
If you are diligent and patient this can be done. I was able to grow my score from low 500’s to over a 720 in 3 years.