I need a loan to buy a home i have bad bad credit?

Answer 1

talk to a mortgage company they can help you and will even be able to give you some advise on how to improve your credit. They have a lot of lenders they deal with and may have someone that will lend you the money, don't expect to get a good interest rate immediately though, once you do get one then keep your payments in on time every month then after your first year talk to them about refi for a lower rate.

Answer 2

There are loans out there for people with bad credit, but instead of looking at your credit, they look at your work history and how much you make. They want you to at least be working at your present place of employment for a year. They also consider how long you have been in the profession that you are in just in case you recently changed jobs.
Good Luck!!!

Answer 3

if you want to put money down on the home that will allow you to qualify for much better programs. most of the sub prime lenders are not doing 100% financing for anyone with credit scores under 640 anymore. last year no problem.

if you put 10-20% down then the lender see's your loan has a lower risk. you cannot expedt to get a 6% interest rate though. most likely with 20% down you can get somewhere in the 8%s.

Answer 4

it depends on how bad your credit is. i work with some lenders that will go as low as a 500 credit score. shot me an email depending on what state you live in i may be able to help you buy your house. I'm a Loan Officer

Answer 5

Depends on how bad your credit is. Studies have shown that alot of people with bad credit ,who ended up getting mortgages,would have been better off renting because their interest rates were so high.

If you are over 550 credit score someone will probably approve you, but you will have to examine if the amount you are paying will be worth it to you or not.

Answer 6

What state are you in?

Answer 7

i will loan you some money just as soon as i hit the powerball

Answer 8

try rent to own homes or owner financing