Is it possible with somone with really bad credit to fincance/buy a new home?

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Is it possible with somone with really bad credit to fincance/buy a new home?

Past bad credit due to divorce and other negative situations..now situation is better, good, stable job.

Lulu

Yes, but your interest rate will scare you away..

Steve D

Here are a couple of web sites. Each one has access to hundreds of potential lenders. They will try to get you competitive quotes from several of them. There's no cost or obligation to you.

http://necessaryvirtues.com/recommends/loan

http://necessaryvirtues.com/go/4023/75

Good luck!

Mimi

If you can afford for over 10% interest...

martiniac

yes.. it is easier to get a mortgage than a car loan.. your interest rate is going to hurt though... just as it will when you go to buy a car.

DallasGuy

Yes. You will pay more for interest, and if you shop around you can find a mortgage broker that can get you 100% financing. More and more lenders (investors) want to make high risk loans, because the interest is more. Just be honest with the mortgage broker you choose.

noellecanning

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curiositycat

Yes, from a predatory lender with an adjustable rate mortgage. DON'T DO IT. Establish some secured credit with a local credit union and try to borrow locally.

luisa_mapacha

Yes, but you will pay lots more in finance fees and interest than a buyer with good credit.

You might be better off waiting a few years, saving toward a down payment and rebuilding your credit.

Hoa N

Yes, are you willing to buy with high interest?
willing to put more than 20% down?
in capitalist system, you can buy and sell anything, bottom line is the mulla

girl

Yes it is read some credit and finance tips and more on this site to help you with it

Zardoz

Yes, it is possible. You will just have to pay hgher interest and may not be able to borrow as much.

Talk to a mortgage broker. This is what they do, for a fee. You pay them a commission when you take out the loan.

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