We all know that auction homes are probably the most economical way to purchase a property because they are at such a phenomenal price, it’s tough to pass up!
That’s why you’re here anyway – whether you’re an investor or someone who wants to purchase a home for their family…
Problem is, who has cash-in-hand like that? I mean, most people don’t have access to that kind of money immediately to bring down to the auction in a suitcase, do they?
Another problem is people are having a tough time getting home mortgages with bad credit.
Yes, you can use a mortgage to purchase an auction home – you can purchase an auction home “traditionally”. If you’re the winner, the contract must be executed on the Monday morning following the Sunday evening round robin phone auction.
Pre-approval letters for mortgages will play a part in determining the best bid that wins.
The thing with having bad credit, though, is the fact that if you had a lot of money, you probably wouldn’t have bad credit, right? That means, a deposit may be stopping you from being able to get financed for a loan.
AdvantageHomeRates.com is a website many of our buyers have been checking into because instead of the conventional 10% you often need to obtain a home mortgage, they specialize in bad credit loans and can find a way to give you a 3% Low Down Payment Mortgage.
If you’re worried about these newer types of loans, they have a solution for you too.
They provide Fixed Rate Mortgages, which are the most common type of mortgage around. So, in this instance a person’s credit score at the time they’re approved for the mortgage correlates to the interest rate they get on the loan.
Just wanted to provide you with a few useful options that will keep you in the bidding for an auction home.
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I hope this was a helpful Auction Home Resource on Buy DFW Auction Homes! Until next time…
Happy Bidding,
Kimberly Edwards
P.S. Be sure to Subscribe to Buy DFW Auction Homes!
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3 Bed, 2 Bath, Single Family, Worth $220,000

If you’re interested in one of our auction homes or any other home for that matter, you may very well wish to have the home appraised.
Even if you’re not in Texas, as long as you’re in the 50 states of the USA, KStreet Appraisal provides Nationwide Real Estate Appraisal Services. Just an idea for you, in case you’re not sure where to start.
If you’re looking for a way to buy a North Texas Dream Home and Quickly…
When we accept a bid for an auction home, we not only consider the amount of the bid, but we also take into great consideration the terms of the bid.
If you’re looking for “The Home You Never Thought You Could Afford, At The Price You Want To Pay”, then purchasing an auction home is certainly for you.
Simply because you’re interested in purchasing an auction home, does not mean it cannot be inspected.
If you are interested in purchasing a DFW Auction Home, let us know what area of the Dallas – Fort Worth metroplex you’re most interested in.