jamesPurple
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Yes, but you may need to work on getting better hard !
Some pros are there to help you.
Good luck ! |
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bmac
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It depends on what is in your credit report. If you have had any foreclosures, repossessions, late payments, no payments, your credit score---it's all taken into account to make the decision. |
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but why not
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you should investigate here to see if it would help you
http://www.wesayes.com |
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Eric D
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yes, check out hud, also you can take a first time home owner class, usually big lenders offer these. It sounds lame but they had some very good pointer and it made the whole process a whole lot easier |
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JP
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Yes you can get a loan, but you will probably have a higher interest rate than if your credit was in good shape. |
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ed
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Your payments on the debt will be factored into your ability to pay a morgtage. |
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lg
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It sure is possible. Now days there are so many different places that can help you get a house..and if they see you are steadily getting your credit back up, you have an even better chance. Interest may be a little high, but hey, there's a price to pay for everything. Good Luck! |
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unclejesse1
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Typically yes. then you buy the house continue to build your credit and refianance into a better loan down the road. Good luck. |
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Keyon F
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I work at united lenders group and work through 45 different companies so i could help you get a mortgage loan no matter what debt your in or what kind of credit you may have
916-860-0804
keyon |
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voandginger
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Yes, but interest rate will be higher than most. Mortgage Companies rate your credit scores with A, B, C or D. A is great and good interest rate and you go down hill form there.
If you do buy a home, make sure you have an option to refinance at a minimum 1 year history.....you should be building your credit along the way. |
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storybookstudioart
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It's possible, but you might have to put more down, and your interest rate might be higher as well. |
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The Foosaaaah
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Sure |
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jmt0806
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Yes, do a search for "lease purchase" using www.google.com. You should be able to find websites that explain how to "rent-to-own" using a lease purchase contract. |
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jack spicer
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yes, if you've got a decent down payment - your interest rates may not be as good with someone with good credit, however. just shop around for the best deal. |
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philbertpheinstein
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Let's see, you have bad credit because you don't pay your bills. Now you want to spend more money you don't have. Keep my number, I might like to buy your foreclosed house in a few months. |
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lisamacuser
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Sure, you will have to settle for a subprime loan. Your interest rate will be higher so the amount you end up paying for the house will be WAY more. I would suggest getting the house and then re-financing after your regular, on time payments help fix your credit problem in a couple of years (unless interest rates are EVEN HIGHER). Interest rates are going up so it might be OK to get a loan now before they go up and surpass your subprime rate. Even better, if you can afford it, is to set up your loan as a weekly payment instead of monthly. You will end up paying a extra payment every year, which will take several years off the repayment time of your loan. You will save a BUNCH of money in interest and your house will be paid off years earlier. |
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Q~T
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Yes, but your rates are going to be higher, and you may have to have a down payment. It all depends on your score. |
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tweetymay
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Yes it is. I am proof of that. |
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natex14
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Yes, it's possible. You can look into FHA loans, and also having a good real estate agent is another good thing. They can look into houses for you that the buyer will help with your down payment. I just bought a house, and my credit isn't that good, and I only had $400 out of pocket. |
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scottythecomic
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Yes. This is because the mortgage lenders know you have to live somewhere. The downside of it all is that you'll pay higher interest. As your credit improves you can refinance to lower the interest. Good luck! |
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amyaliceco
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It is possible, but you have to shop around. Be careful though, a lot of lenders charge fees (up to and above $300) for credit checks and loan processing that is not refundable even if you don't get the loan. Try your own bank first, if you are a good customer they often will work with you. |
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))-->rOXY
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Yes especially if your a first time home buyer, there's programs. good luck dude. |
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malung786
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yes there are plenty of sites or brokers that help you do that.
http://www.google.com/search?hl=en&q=buy+house+with+bad+credit |
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AngelinasMommy
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If you are a first time homeowner, there are A BILLION AND ONE PROGRAMS TO HELP YOU BUY YOUR FIRST HOME NO MATTER WHAT. You might even qualify for 0 down or you can buy direct from the seller and cut a deal. The seller can also take out the loan for you and you pay him back. Call and agent or a loan officer for details.
I know this is possible from family that have done this and friends. Plus, I am getting my real estate license soon (I'm taking the course as we speak), but I'm a little new to this so this is all the info I can give you. Good luck! |
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wrkey
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Depends upon several items. If your credit score it too low.. buying a house is more difficult. If you have any outstanding dept collections, judgements or 'write offs', the mortgage company will want you to pay off these debt before they will agree to a loan.
Some bad debt information will drop off your credit report after several years.
I would suggest you purchase a credit report from one the various credit reporting agencies and see what it says. You can get one for free if you have been declined credit because of information on a specific credit report. When you get your 'refusal of credit request' letter there should be information in that letter on how to request your free credit report.
Good luck and I hope this helps! |
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Rich M
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Yes but you are going to get a terrible interest rate, so, figure less house. Keep on time with your payments, when your score improves you can refinance.
Try here: www.lendingtree.com |
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JW
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Personally, I would wait until you clean it up completely. If it's bad now you are going to come up with a bad credit score and it will most likely be difficult for you to obtain a loan. |
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