Refinanced in May 2013. Children need help in getting into a home.

You can purchase another home, however you will have to purchase it as an investor. 20% down payment is required, 25% preferred. Once their credit gets' cleaned up, you can sell it to them any time.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Did she have a foreclosure, short sale, bankruptcy? It's always a good idea to have a lender understand the circumstances so that they can guide you. But, yes you can buy a property for her, as William mentioned. If you do this, you will need to qualify for the loan on your own (this includes all of your own debt - mortgage, taxes, auto loans, credit cards, etc), plus the expenses on the new property. Income from your daughter cannot be used if she has bad credit.

Yes you can, as an investment property.

You can buy another home as an investor - Min. down payment between 20-25% depending on the lender. Check with a local lender that can helpyou through the process.

Call me I have the ability to help you purchase a home as an investment home, or as a non occupant co-borrower. You will see I am always a top 5 contributor on Lender 411. you can reach me at 517-240-3015

I dont know the entire situation, assuming they have the scores to qualify.If they only require down payment and your income as a co-buyerYou can go on as a non-occupying co-buyer if they require additonal income .if they only need a downpayment, you can give them a gift of funds.emarez@thefederalsavingsbank.com

Yes, you can buy a second home as an investment property

You can purchase a home as an investment property and have them live in the home and give you money for rent or to go towards their down payment. Once they have the appropriate credit score, income, debt-to-income ratio, etc. you can sell the property to them.

Difficult situation and others have laid out a couple scenarios. If they can't fix their credit within 1 or perhaps 2 years it is pretty unlikely they'll ever be able to buy you out. If they live nearby it will have to be an investment property for you and the qualifications are much more stringent for a rental property (which is what this would have to be considered). If they do not live nearby, you might be able to purchase the proeprty as a vacation home where you stay occasionally but allow them to live in as well. You could not count any rent from them in that situation. Good luck!

Depends if you have equity in the house and if you have low debt compared to your income. There is potential you could pull out equity to help with a down payment. There is potential you could co-sign. And there is potential you could finance a home for them and they could rent from you until they have the ability to change the financing into their name. With more information, I could tell you your options. =Mike 517-429-2328