reggiewjr1
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I guess it all depends on what your version of not strong at all is...with a little credit counseling that any mortgage planner with experience could provide you might be able to raise your scores some over 3-6months while you look at houses, at which point you will be in a better position. |
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Rich Z
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There are lots of them. You can find them all over the web. There is a major BUT involved. Most of them charge extremely high rates partly to cover their losses from loans to people with low scores and partly because they realize those low-score people are desperate enough or un-informed enough to pay those rates.
You would be better off trying to improve your score. Get rid of extra credit cards if you have too many. If your problem is that you have no credit history try to get a low limit card and use it to buy small things that you can pay the bills for to get a good history. Borrowing money from creditors who specialize in "sub prime" borrowers is like borrowing money from a loan shark - it never works out well! |
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Keyon F
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I work for United Lenders Group and I work with over 45 different banking companies so I could get you a mortgage loan no matter how bad your credit is or how much in debt you may be
916-860-0804
keyon |
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Missy154
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We are going through the same. Unfortunately not without a nasty down payment would we get a low payment. If we go with zero down are payments each month would be SKI HIGH!! Let me know if you run into any luck. |
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vrazumniy
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Thank you for your question. At American Mortgage and Real Estate Group we have a program just for you. Before geting the best rate for you I would need to know your score and your yearly income. Based on that we can determine what route you should take. I also have people who can increase your score and who have done this for my previous clients.
Sincerely,
Vladimir Rozumniy
Sr. Vice President
American Mortgage and Real Estate Group
Tel: 323-428-5944
Email: info@amregroup.com
http://www.amregroup.com |
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Skylark
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Try contacting your local HUD (Housing and Urban Development) office. They are supposed to be up on programs that help people buy homes without being taken advantage of. They also offer classes on restoring credit. |
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RyanSmith
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Ya, especially if you have money to put down. There is always someone willing to take your money.
There are also a lot of desperate sellers out there right now, so you may be able to find an "Owner Carry Finanic" deal. |
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macki4
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you should look for a rent with the option to buy,until you can getyour cridet back,or go thru a bank and look for a forcloser, good luck. |
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Just Gone
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yes, but you will pay a high APR. |
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Flower Girl
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Sure there is, but the interest rate will be high and you will have to have a big down payment. Otherwise they aren't going to take a risk on you, you already have screwed other lenders over in the past. |
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jen
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First start with how low? a credit score is one of the determine factors in loan to value in other words how much they will lend you verses the value of the home. This is determined by risk. you can get 100% financing with a 580 score provided that you can prove your income. If your score is below 580 you will not be able to obtain a 100% financing, yet. If I were you I would speak to a qualified mtg broker who can help you improve your credit scores so that you can purchase and be able to afford it. If you have 25% down you can use what is called a hard money lender this rate will be around 12.5% to 15% depending on the company. if you have 10% down with a 540 credit score or better you can get a 90% loan to value at around 10.5%. |
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Openthathouse.com
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If you have a hardship which led you to have bad credit. Medical is usually the case. You can get financing down to 525 from a National Bank. Yes its true. Your interest rate will be in the double digits and you have to get paid w2. Since most people always state that they have bad credit! Get your credit pulled ask for the mid fico and than email me. I will tell you your options. Crazy someone would tell you to go hard money with money down after you stated ..nevermind. |
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