Does my credit score matter?

Yes, your credit score will matter. Applicants will have to apply at one of the approved lenders for a mortgage loan; your credit score, credit history, and income will help the lender determine if you are eligible for the loan and the loan amount. If you are unsure of your credit score and history it would be in your best interest to visit Odessa Affordable Housing, Inc. (OAHI). OAHI will pull your credit report for a small fee and help determine whether you are ready to approach a lender for a mortgage loan.

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1. Do I have to be a current resident of Odessa?
2. Can I buy a home in Midland?
3. Will I have to pay a mortgage?
4. Does my credit score matter?
5. The bank that I go to is not on your list of approved lenders. Is there any way that I could still receive the assistance but have the mortgage with my regular bank?
6. Do you provide a list of eligible homes or do I work with a realtor?
7. What happens if I choose a home that needs a lot of repairs?
8. What if the home has evidence of lead-based paint?
9. Can I use the assistance to purchase a mobile/manufactured home?
10. How often will I have to report to your office?
11. How long is the Homebuyer Education Course that I must attend to receive the assistance?
12. What if I do not have a bank account?
13. What if I did not file my tax returns last year?
14. Will I have to income qualify every year?
15. What if I am suppose to receive child support but I don't receive those payments?
16. I don't want to file for child support, am I still eligible?