Are there any mortgage programs out there that would help a family with a long,excellent rental history,but w/bad credit?My friend got a 1st time home-buyer loan & the loan company pd. off her debt(less than $10,000)which enabled her to qualify.It’s just so unfair.We’re a family,married 18 years,same line of work for 20 years,excellent rental history & references yet because of bad credit wecan’t buy a home.It started 6 years ago when my husband’s company closed & he lost his job. He got another job within a few weeks but because of unpredictable circumstances (he’s a civil construction sptd. &works outside…the day he was hired at the new job it snowed 3 ft. & the company was unable to work for wks).Our top priority has always been home1st no matter what it takes(that’s why the credit went bad because we had to choose betwn our home and credit cards & we chose our lease. Why don’t lenders look at this.It seems it should count for something.Anyone know of any mtgs for this situation?
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