We need to have programs out they to help the low income?

Would like to start the process for buying a house but need some help.?

• I would really like to move into a house from an apartment but I need help with some of the process. My husband works full time and is going to school full time right now and I am staying at home with our toddler and expected child while also going to school. I understand that when applying for a loan or mortgage they will not take into consideration my score because I am not drawing an income. My husbands credit score is bad but we have been working on it, we cleaned it up the best we could with income tax money and it raised it to 598. We were able to get a car on his credit recently so I know the payments will help raise his score over time. Some questions I have are: What is the best way to go about starting the process when you have bad credit? We are first time buyers, are there any programs or benefits? Another question I have is our rent is not on his credit reports but we have paid it on time (only being late once by a day) for the past 3 years. If we can get record of this will it help with getting a loan despite the credit score? My husband has also bought two cars in the past that were never put on his report but I believe we can get records of them too. Any answers or suggestions for my family would be greatly appreciated. Thank you!

• Answer:

  Actually, your score does count whether you have income or not. I am a stay at home mom but when we applied it was also taken into consideration. You will HAVE to show proof that you paid rent for x time period. If your husbands credit is really that bad I suggest waiting until he improves his score! You can start with a simple credit card.