Now has never been a better time to own a home in the gorgeous city of Tampa, especially as this sunny city is flooded with dirt-cheap foreclosures! However, if you’re holding back on buying house in Tampa because you have bad credit – and won’t get approved for a mortgage – no need to worry. Just follow these tips and you’ll be settled into the Florida lifestyle in no time!
1. Have more available cash. If you put down a large down payment, you’ll be much more likely to be approved for a mortgage, even if you have poor credit.
2. Show your payment history. Request letters of creditworthiness from vendors who won’t show up on your credit report.
3. Correct any mistakes that might appear on your credit report. Believe it or not, simple mistakes can seriously drag down your overall score.
4. Avoid sub-prime lenders at all costs!