poor credit score range

What is the best option for the purchase of your parents' house, when you have bad credit and no down payment?

My in-laws have two houses. It has long been known when they were close to retirement, his daughter (my wife) would buy older homes, of all the children have grown up in. We have down payment and little or none of our credit ratings are in the Top 500. In-laws are willing to do almost anything How we help to enter the house, although a price is concluded elvated to make it look like I threw a large deposit if you can not prove it beyond the mouth the words. Living not pay rent for a year can be another option before taking the owner of the house. The house is going down the same side of the price range for this area at around $ 200k. Average prices of housing in this area is $ 350K or more. We can afford the monthly depending on interest rates that already pay $ 1000/month rent now. Any advice would be very apprecaite. new money, little or no credit at low, poor, stepparents intentional, and family history at home.

They can sell at a high price if you wish. The rest can be a gift of equity, you and your wife. It should be in letter form and the contract of sale. If your scores are in the Top-500, then the funding is no problem. try to get you to give a donation of 10% of the capital and pay closing costs and you should be ready!