Anyone know where I can get a mortgage with less than perfect credit? I live in the Atlanta GA area and I am 1 1/2 years from a discharged bankruptcy. Are there any legit companies that I can work with and not get ripped off?
2007-01-07 05:58:21 · 7 answers · asked by T.J 1 in Business & Finance ➔ Credit
Not until you're at least 2 years out of bankruptcy. Then you can try to get a mortgage using Manual Underwriting Guidelines, assuming your rent history is in good standing at that point. Rent and wait. Always pay your rent on-time until then so you will have a perfect track-record for the mortgage company to look at.
Until then get out of bankruptcy and SAVE, SAVE, SAVE, money to have a large down payment.
2007-01-07 08:03:25 · answer #1 · answered by KC 4 · 0⤊ 0⤋
You'll pay a high interest rate with a bankruptcy. Keep in mind that you can ALWAYS refinance later AND the interest is tax deductible.
Either go through a mortgage broker or check with Option One. When my credit was bad, I got my mortgage through Option One.
2007-01-07 06:17:45 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Do you know what your credit score is? If it isn't above 650, it may pay to wait another year or so.
There are many lenders online who will work with you now. E Loan and Lending Tree are among them.
See what kind of deal you can get and then see if a local bank will meet or beat it. If not get the mortgage online.
2007-01-07 06:08:56 · answer #3 · answered by Anonymous · 0⤊ 0⤋
United Home Funding / Mortgage Zone
2007-01-07 06:49:49 · answer #4 · answered by Anonymous · 0⤊ 1⤋
there are mortgage co that will give you loans with less than perfect credit. I see them advertised on tv. You will probably have to pay a high rate of interest.
2007-01-07 06:06:14 · answer #5 · answered by nj2pa2nc 7 · 0⤊ 0⤋
no matter in case your credit isn't the suitable, you may no longer have any project getting a loan. The monetary organisation would charge you a larger price, yet you may get it. even as procuring a house, the monetary organisation is conventional with they could continuously repossess. good success to you
2016-12-28 07:53:25 · answer #6 · answered by phillida 3 · 0⤊ 0⤋
Yes there is. I put a link here for you to check out. It is one of the biggest and most flexibile lenders on the planet. Good luck.
2007-01-07 06:48:53 · answer #7 · answered by Anonymous · 0⤊ 2⤋