How can I buy a house with little or no money down and bad credit??

All's I can say is do your research. Pull up your credit report and learn the ins and outs of it and what the numbers mean as far as the cost of financing. If you have been declined some form of credit (credit cards, loans orre-financeing) within the past six months, you can get a free credit report from any known credit bureaus.

I personally use Experian. http://www.experian.com

I cannot say exactly how to achieve your own home, but my parents went through this. Most places can give you a quote before sending the credit application to process of how much your interest with the principle will be within the given time it should be paid off.

You might also have a shot by calling a couple of those "bad credit" financing institutions you see commercials about on TV. The only problem is, the interest rates are not low, and the longer it takes to pay off the principle, the more it will cost you no matter the promises they make that mask the truth behind the pretty lettering. Always read the fine print before you sign anything, and ask what it means in plain English if you do not understand- it can't hurt to know.

I also would pay attention to auctioned off properties from banks, credit unions and reposession/collection companies- they go off of credit, but it can be cheaper even with bad credit, though most of those properties are some real fixer-uppers. Either way, you will have to work at it in the long run. These properties are sometimes financed cheaper because the holders of the property want to get rid of them ASAP.

The key is you cannot skip a beat in paying the bill. This may drive the interest up, or add pricey fees to the balance which will make it harder to pay off in the time allotted which is dictated monthly on your credit report and this will make it harder down the road to clear up.

Sometimes, if you sweettalk your financial adviser, you can come up with a contract that has little or no money down, but this is added to your balance and is subject to any and all interest the rest of the principle is.

There is also the issue of how much debt you are in already. The more money you have going out versus your take-home pay, that can also effect the yes or no on the financing, first off. You can have bad credit and not be in debt, you can also be in debt, but have exelent credit. That's something you need to pay attention to.

Like I said- do your research. This issue is different with everyone because everyone's credit score is different (wether good or bad), so there is not a set course to get what you want.