bad credit trying to get financing where is the best place to go??

im living in the home now i have already put down 5500.00 on the down payment .. If i cant find financing for the house i lose that money even tho its not in the contract....But the house needs some repairs done to it and he has not fix them which was in the contract...my credit score is about a 480 so thats low..Please if you can help direct me where to go ... I keep getting well we need a credit score of atleast 550 or better.. I dont know what to do.. im at my last resort asking here..i have to close on the house by the end of this year but i do want him to fix what needs to be fix..Example the bathroom septic needs to be on city line and the pump never worked on the septic.. The a/c unit never worked which he claims he was going to fix and never did.,. Nothing is finalized yet and im not buying the house until it is all fix... i hope im making sense.. thank you

Public Comments

1. you can try asking for a copy of your credit report from whoever pulled it and try paying your depts down to at least below 50% of the credit limit on any revolving accounts that usually works for my clients it takes about a month to see the new score after the accounts have been paid or you could also do a rapid rescore that is when you take a statement from your creditor saying the amount you paid and the new balance to the credit report provider and have them rescore as soon as possible this way its faster but pricyer
2. I'm sorry to tell you but without at least a 500 score there is nothing that can be done. This is why you should always talk to your mortgage guy before you talk to your realtor.
3. What state is this property located in? I would contact Consumer Protection in your area to find out if you cannot get your money back. Most real estate contracts do have stipulations about deposits. Get some help from Consumer Protection. No matter what also contact your county or state Landlord Tenant agency and check the laws for your area (they are online too). There sounds like a lot of issues that are not good. BUT, it does sound like he's broken his part of the contract by not making repairs as agreed. Look into: Contract Law. Landlord Tenant. Real Estate Law GET help, don't wait. Search the web and get help now while you have time!
4. I would suggest find a local mortgage company to help you out. they can pull your credit and guide you in the right direction. Some mortgage companies will pull your credit for free with no obligation. They can also do repis rescores for your credit and tell you how you can fix it. If you are in CA, then I know of a great mortgage company that can help you out.
5. In the contract you should have written in both that you had to make a good faith attempt to get financing, and he had to do the repairs by X date. If he has not held up his end of the bargain, send hiim a certified letter stating that he has terminated the agreemetn by not fulfilling his requirement (no need to say that you cant get financing-- make it about him defaulting) and you would like a full return of your $5500. Then use that money to help your score. You DO NOT want to get into a home with a 15%+ interest rate-- what you'll get right now. Work on your credit first and find somewhere reasonable to rent. Not the answer you want, but the truth.
6. With that score you can get 100% financial on a house. Call this company call SafeGaurd Mortgage @ 678-334-9810 ask for Ursula she's great