2007-06-03 10:09:02 · 4 answers · asked by heylove28 2 in Business & Finance ➔ Renting & Real Estate
Don't lose hope if you're looking to buy a home. There are so many different ways to fund a home now, just about anyone with any kind of credit can get into a home, regardless of credit situation.
Of course, some will cost you more money in the long run, but a home it's still one of the best investments that you can make, so, in many cases, it's worth it, especially for the first year of ownership.
You should shop around, and ask different lenders what kind of programs they have, and if they can help. Try to find a lender that specializes in bad credit mortgages. You can find some bad credit mortgage lenders listed on this page on and off:
http://www.axalda.info/bad-credit-mortgage.html
2007-06-03 12:36:08 · answer #1 · answered by Anonymous · 0⤊ 0⤋
FHA loans for first time home buyers are good option because they are much more forgiving for individuals with bad credit scores. You won't find a huge hit in the interest rate compared to other loan programs. The loan amount however needs to be under a defined threshold for a given area.
2007-06-03 15:21:57 · answer #2 · answered by BigDaddyBui 1 · 0⤊ 0⤋
Wait awhile, improve your credit score and save up a substantial down payment. Not what you wanted to hear, I know..... but you asked the best way.
2007-06-03 10:49:56 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
best websites for this are:
http://www.proloanz.com
http://www.apply4less.com/
2007-06-04 20:33:58 · answer #4 · answered by Anonymous · 0⤊ 0⤋