I can't apply for a mortgage until a year, due to past credit issues (I have since reestablished credit). Can I put a deposit down to reserve a home to be built in a community (maybe their later phase) and then apply for the mortgage next year. I will be able to afford it and should have no problem getting the mortgage then. In order words, will a builder build a house in the development without me having applied yet. Worst case, they sell it to someone else.
Read more: Can I reserve new home?
