No Credit Required: How to Buy a House When You Don't Qualify for a Mortgage

by Ray Mungo, Robert H. Yamaguchi

A guide to getting a mortgage with no credit features information on no credit-check FHA assumable mortgages, VA mortgages, "owner will carry" financing, "lease with option," the 30/70 rule, and five legal routes to no-credit home ownership. Original.

192 pages, Mass Market Paperback

First published January 1, 1993

Reviews

[Harvey · Rating 3 out of 5]

The entirety of my notes from reading this book are reproduced below.

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Options for no-credit-required real estate acquisitions:
1. Assumable mortgages
2. Seller financing
3. Lease w/ option to buy
4. 30/70 rule (you can get financing w/out credit if you'll put down 30% of purchase price)
5. Adverse possession (legal squatting - 5 years in CA; 30 years in TX)
6. Equity sharing
7. "Foreclosure to you" (structured resale of near-foreclosed or foreclosed property)
8. Quitclaim (use someone else's credit + a quitclaim to transfer the title)
9. En viager (reverse mortgage, life estate grant, etc.)

[Marinated Alex · Rating 5 out of 5]

Wonderfulfull advice

[Elusive.Mystery · Rating 2 out of 5]

Now, I Too Know How to Buy a $$$ House With No Credit!!! No Money Down!!!