2006-08-07 09:17:21 · 6 answers · asked by Utopia 4 in Business & Finance ➔ Credit
Countrywide or CTX are good ones to try, because they have "sub-prime" lending departments specifically for people with credit issues. You might need to have some sort of down payment. Your best bet would probably be to use a mortgage broker - they work with multiple lenders, and should be able to find you the best deal. Also if you are looking at new homes, the builders usually have their own mortgage company, and they can work miracles to get those houses sold. Just be patient, and don't give up!
2006-08-07 09:35:52 · answer #1 · answered by SLR 3 · 1⤊ 0⤋
It relies upon on your definition of terrible credit. something above a 500 score, assuming you could make specific your earnings is financible, yet you will need downpayment. With a score between 500 and 600 your downpayment will selection between 5% and 20% of the acquisition value of the homestead you're wanting to purchase. A 600 score and up will many times qualify you for one hundred% financing (no money down), and the guideline of thumb is that a 620 score or larger will qualify you for some form of "conforming" mortgage. If by ability of undesirable, you recommend below 500, it remains accessible to get financed, regardless of in case you would be staring at a "hard money" mortgage. this could be a strictly fairness based mortgage, no credit examine, no earnings verification, yet you like a minimum of 35% downpayment. You pastime fee would be above 15% and you will many times be charged as much as ten factors to write down the mortgage. almost invariably, if it is the case it makes extra experience to artwork on your credit to get your score above 500 so which you will qualify for a popular subprime mortgage as antagonistic to hard money.
2016-11-04 02:07:17 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Depends on how bad. There are many companies out there that can do most credit situations. You need to be able to show you can pay it back and money down or in the bank helps as well. Let me know what your score is roughly and I will better able to answer.
2006-08-07 09:30:35 · answer #3 · answered by unclejesse1 3 · 0⤊ 0⤋
I do, im a loan officer and I can help you. I work for united lenders group and we work through 45 differ companies to get you the best loan possible no matter your credit score.
916-860-0804
2006-08-07 10:18:18 · answer #4 · answered by Keyon F 2 · 0⤊ 0⤋
they have these lenders here
http://www.wesayes.com
2006-08-07 09:48:55 · answer #5 · answered by Anonymous · 0⤊ 0⤋
no
2006-08-07 09:50:41 · answer #6 · answered by Anonymous · 0⤊ 0⤋