Buying a home is integral to the “American Dream,” but it is increasingly out of reach for many hard-working adults.
The property market has been highly competitive over the last year because housing supply has shrunk dramatically.
Despite the pessimism, a competitive market doesn’t mean it’s impossible to own a home – even if you have bad credit. We'll provide 6 steps.
Go to annualcreditreport.com – you can get a copy of your credit report for free every year. Review all of the information provided.
Unless you’re in a rush to buy a home immediately, take some time to improve your credit score as much as you can.
The best person to go to is a Department of Housing and Urban Development (HUD)-approved housing counselor.
If you can get into a homebuyer's workshop course locally, it should be free. You can also do it online at your own pace.