Ok, I am tried of all the scams and rip off companies and the endless sea of dead ends. I can not even get my bank to look at my contract for deed and the good payment history for 16 years. I ran intoa hardship and filed bankrupcy a year ago. I have student loans that I can not pay yet, some small collections and some medical bills. I only need a loan for $13,000 that is only 10% of the value. Circumstances require my own financing now. My house payment has always been payed on time.
Please dont flood me with opportunist, I need real awnsers and creditible advice.
It should not be a problem finding someone to finance you, however there are many things that would come into play, ie credit score being the main object. If you have a score below 500 it will be very difficult. I would look at subprime mortgage companies such as Option One, First Franklin, Delta Funding, Fidelity Mortgage. You can usually get a deal done through a brokerage firm that would deal directly with one of these companies. Your loan amount may also be an issue, it is not profitable for many of these companies to do loans below 40,000 give or take.
If you have made your mortgage payment on time for the past 12mths and have a score above 500 you really should not have a problem getting what you need. Your rate will be a bit higher due to the risk.