2007-01-20 13:08:12 · 6 answers · asked by sobethekingyawcankissthering 1 in Business & Finance ➔ Renting & Real Estate
NO....!
Unless you are looking to buy a crack house....
If you have a full time job, maybe........or if you can get an interest free loan from your parents or a family member......maybe.....
2007-01-20 13:11:44 · answer #1 · answered by cambridge007 2 · 0⤊ 0⤋
you have to have a joband have money to qualify for 100% loan. but its harder to do with not having that much credit. if ur a student how do u work full time? you probly have student loans. to qet 100% loan u cant have alot of debt, credit debt or student loan debt, or car payments. they'll say u owe money for too many other things and u wont get a 100% loan. and u need atleast 2 years of work full time.
2007-01-20 13:57:15 · answer #2 · answered by beach_babe971 1 · 1⤊ 0⤋
getting a mortgage loan will be based on your ability to pay it back in monthly payments. if you don't have a job, how will you make the house payments? if you have enough cash to buy a house then you can do it fine. but if you are getting a loan, your credit rating is not even as important as proving your income so that they can be sure you can afford to pay the monthly payments.
2007-01-20 13:16:37 · answer #3 · answered by BonesofaTeacher 7 · 0⤊ 0⤋
Don't do it. Or if you do, buy the cheapest rather than something more expensive. If it is an income property, just be very careful and know what you are doing!
2007-01-20 13:13:38 · answer #4 · answered by Not Your Muse 2 · 0⤊ 0⤋
Due to creative financing and predatory lending, it's possible, but not too wise.
2007-01-20 13:11:37 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Yes it is. You have to have a co-signer on the loan
2007-01-20 13:17:00 · answer #6 · answered by passion for art 2 · 0⤊ 0⤋