Home Buyer Service

Transaction Assistance

We help throughout
your home purchase to
ensure all aspects are
fair to you.

Available Programs

Each year, over 14,000 home buyers take advantage of federal, state and local programs to help them purchase their first home.

Do I Qualify?

Qualifying is tailored to suit each family's unique situation.

Testimonials

“I had no idea that these programs existed or that I could afford to own a home. You helped me with over $23,500 in down payment assistance, and a very affordable 6% fixed rate mortgage loan. Your help was priceless!”

Mary L.

“We had been trying to purchase a home for years, but with limited credit and no down payment, we just didn’t qualify. I was so pleased when I found out that there were programs which helped us become home owners. If we hadn’t called you, we would still be renting. We are now living the American Dream, thanks to you and your wonderful organization.”

Forever Thankful, Sam and Maria R.

“I wanted to let you know that we are enjoying our first home more than you can imagine! I am so happy that we are now building equity every month instead of paying rent! We were surprised that we became Home Owners so easily. Thank you for helping us with the first time home buyer program and always looking out for our best interest, it really did make the difference!”

Happy Home Owners, Barry and Melinda G.

Contact Webmaster

Credit & Debt

Did you know that over 70% of the U.S. population has credit issues?
That’s right. According to a 2005 survey, almost 71% of all credit reports contain incorrect, erroneous or negative data. Being credit challenged can have a negative impact on your everyday life. If you are interested in improving your credit report, we can help.

Credit Report Repair
A good credit repair company can help you improve your credit report and score which can be the difference between whether or not you get into a new house, home rental, car, even a job. A trusted credit repair company can lend their expertise and help you on your way to achieving positive results. There are for profit and non-profit organizations that can help you get your credit back on track.

What items can be removed from my credit report?

Late payments ● Tax liens ● Collection accounts ● Charge-offs
● Judgments ● Repossessions ● Foreclosures ● Inquiries

Where Do I Start?
We have found, and now work with, a few highly-recommended companies that offer very professional credit report repair services to lending institutions and financial services companies. All credit report repair is performed in compliance with the Fair Credit Reporting Act (FCRA) and some include a written guarantee.

If you are interested in cleaning up your credit report, you can contact Home Buyer Service for a free confidential review. We’ll provide you with an action plan to get your credit headed in the right direction and we’ll recommend the right agency best suited to handle your particular credit report repair needs.

Your Free Credit Reports
All Americans regardless of where they live are entitled to a free credit report once per year and can receive them by visiting www.annualcreditreport.com or by calling 1-877-322-8228. This is the only government approved web site to obtain your credit report without solicitation to purchase other services. Make sure to get your credit report from all 3 agencies (TransUnion, Experian & Equifax).

How an Auto Payment Affects Qualifying
Lenders use a formula called Debt to Income ratios or DTI to establish a borrowers overall monthly fixed payment debt liabilities, including a new mortgage payment, property taxes and insurance. An acceptable DTI ratio is 45-48%, so a $400 auto payment can decrease your home purchasing power or mortgage qualifying by $50,000 or more!

Auto Payment Reduction Program
April Auto Credit can usually reduce your existing auto payment to a monthly amount that is acceptable to the lenders DTI formula. A lower auto payment will help you qualify for a safe, lower interest fixed rate home loan. For more information, visit April Auto Credit’s web site.

Credit Card Debt
Most first-time home buyers have some form of existing debts that may need to be reduced in order to properly qualify for their home purchase financing. Credit card debt should be paid down so that the balances owed are at a manageable level prior to application. We recommend making additional payments that go directly to the principal balance and/or switching to lower interest cards. Paying down credit debts may take some time, but lower debt plays a big role in the qualification process and your ability to afford your new mortgage payment.

Back to Top

Home Buyer Service

Transaction Assistance

Assistance Information

Available Programs

Available Programs

Do I Qualify?

Details About Qualifying

Testimonials

Credit & Debt

About Us \| Contact Us\| Tell a Friend Home Buyer Service Transaction Assistance We help throughout your home purchase to ensure all aspects are fair to you. Assistance Information Available Programs Each year, over 14,000 home buyers take advantage of federal, state and local programs to help them purchase their first home. Available Programs Do I Qualify? Qualifying is tailored to suit each family's unique situation. Details About Qualifying Testimonials “I had no idea that these programs existed or that I could afford to own a home. You helped me with over $23,500 in down payment assistance, and a very affordable 6% fixed rate mortgage loan. Your help was priceless!” Mary L. “We had been trying to purchase a home for years, but with limited credit and no down payment, we just didn’t qualify. I was so pleased when I found out that there were programs which helped us become home owners. If we hadn’t called you, we would still be renting. We are now living the American Dream, thanks to you and your wonderful organization.” Forever Thankful, Sam and Maria R. “I wanted to let you know that we are enjoying our first home more than you can imagine! I am so happy that we are now building equity every month instead of paying rent! We were surprised that we became Home Owners so easily. Thank you for helping us with the first time home buyer program and always looking out for our best interest, it really did make the difference!” Happy Home Owners, Barry and Melinda G. Terms of Use Contact Webmaster Copyright © 2010 HomeBuyerService.org All rights reserved.	Home \| Home-N-5 \| Pre-Qualify \| Credit & Debt \| FAQ \| Realtors \| Podcast
	Credit & Debt Did you know that over 70% of the U.S. population has credit issues? That’s right. According to a 2005 survey, almost 71% of all credit reports contain incorrect, erroneous or negative data. Being credit challenged can have a negative impact on your everyday life. If you are interested in improving your credit report, we can help. Credit Report Repair A good credit repair company can help you improve your credit report and score which can be the difference between whether or not you get into a new house, home rental, car, even a job. A trusted credit repair company can lend their expertise and help you on your way to achieving positive results. There are for profit and non-profit organizations that can help you get your credit back on track. What items can be removed from my credit report? Late payments ● Tax liens ● Collection accounts ● Charge-offs ● Judgments ● Repossessions ● Foreclosures ● Inquiries Where Do I Start? We have found, and now work with, a few highly-recommended companies that offer very professional credit report repair services to lending institutions and financial services companies. All credit report repair is performed in compliance with the Fair Credit Reporting Act (FCRA) and some include a written guarantee. If you are interested in cleaning up your credit report, you can contact Home Buyer Service for a free confidential review. We’ll provide you with an action plan to get your credit headed in the right direction and we’ll recommend the right agency best suited to handle your particular credit report repair needs. Your Free Credit Reports All Americans regardless of where they live are entitled to a free credit report once per year and can receive them by visiting www.annualcreditreport.com or by calling 1-877-322-8228. This is the only government approved web site to obtain your credit report without solicitation to purchase other services. Make sure to get your credit report from all 3 agencies (TransUnion, Experian & Equifax). How an Auto Payment Affects Qualifying Lenders use a formula called Debt to Income ratios or DTI to establish a borrowers overall monthly fixed payment debt liabilities, including a new mortgage payment, property taxes and insurance. An acceptable DTI ratio is 45-48%, so a $400 auto payment can decrease your home purchasing power or mortgage qualifying by $50,000 or more! Auto Payment Reduction Program April Auto Credit can usually reduce your existing auto payment to a monthly amount that is acceptable to the lenders DTI formula. A lower auto payment will help you qualify for a safe, lower interest fixed rate home loan. For more information, visit April Auto Credit’s web site. Credit Card Debt Most first-time home buyers have some form of existing debts that may need to be reduced in order to properly qualify for their home purchase financing. Credit card debt should be paid down so that the balances owed are at a manageable level prior to application. We recommend making additional payments that go directly to the principal balance and/or switching to lower interest cards. Paying down credit debts may take some time, but lower debt plays a big role in the qualification process and your ability to afford your new mortgage payment. Back to Top