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Getting a house with bad or no credit.

Lease with option to buy

With this method, you can get into a house and own it without a credit check. Sometimes a seller might want to check your credit but sometimes they don’t. They usually do a background and work verification check to see if you’re able to pay. Anyways, a lease option to buy is when the seller leases the property to the buyer for a fixed period time and at the end of the lease period the buyer is given the option to buy the property.

Sellers financing method

The seller gives financing to the buyer and carries the first or sometimes a second mortgage on a private real estate contract. If the buyer fails to make the mortgage payments, the seller can take the property back and the buyer loses everything he or she put into the investment. This is a very risky way of getting a house without credit, but if this method is executed correctly the house will be transferred over.