I have bad credit.  Can I get a mortgage for a house from anyone?
85304
Well, more than 75% of the people throughout the country do carry bad credit and all of them get the loan from somewhere or the other so there is no reason why you can't. I'm a loan officer myself and has helped many.....give me a call if you like and i may be able to help you out.
649195
Yes.  If you have a poor credit score, you can approve a personal guarantee on the loan by placing an asset as collateral.  The banks may not do this, but private loan companies have it available.  The rate of interest will be higher due to the risk involved from the credit score and other assets in the evaluation.
579597
You can almost always get a home loan, no matter how low your score is.  The lower the score, however, the more expensive the loan will tend to be.\n\nHope this helps!
576753
Your credit score could affect your ability to get a loan at the best rates.  There are plenty of companies that prey on people with less than perfect credit and offer loans that are really bad deals.  \n\nYour realtor should be able to recommend a reputable mortgage broker who can help you find a reasonable loan and understand the terms of that loan.\n\nThe less money you have to borrow the more comfortable a bank is about loaning their money to you. Banks will feel most comfortable lending you 80% or less of the cost of the house.  That's why you don't have to pay for PMI if you put at least 20% down. (PMI is private mortgage insurance.  If you default, this insurance will pay the bank.  It WON'T get YOU off the hook - you'll still owe the bank).\n\nOne way to get around PMI if you don't have 20% to put down is to basically take out a second mortgage on the house to borrow what you can't cover out of your own pocket.  However, that second mortgage ain't cheap.\n\nOther ways to get into a house without much cash is to take out an interest only loan or an adjustable rate loan.  If you are going to be in the house for a while, those loans can be riskier than a traditional mortgage since the loans are basically drawn up to favor the lender.   \n\nGood luck!
1058619
You first have to clear your bad credit. If you are low income, you don't live above your means. If you want a house, you must tighten your belt and save money, not spoil your credit. After your credit is fixed, call a broker...mortgage broker and they will give you more details after studying your situation. Also there are some grants to help in certain areas.But without a good credit, you won't be able to buy now. Call the credit burea and find out exactly what you problems are. Deal with them one at a time until you are finished. Good Luck. I know you can do it!
908646
Some credit is available to people with bad credit experience.\n\ngood luck !
1130863
This question is easier than most are making it.  Two years is the magic timeframe with most mortgage lenders.  You should be able to qualify for a mortgage just as easily as someone else with the same credit score that hasn't had a bankruptcy.  \n\nThe usual disclaimer goes here: it depends on your entire financial position right now.  Your strong job history helps.  Having money in the bank or a 401k to show as assets also helps.  \n\nYou should work with a local mortgage broker.  They will be able to get conventional financing that any bank can.  If there is something in your financial picture that makes this kind of lending impossible, the broker can secure non-conventional lending.  These are loans that your local bank can't pull off.\n\nStart by educating yourself.  Check out this blog:  http://explaintome.blogspot.com\nIt explains the mortgage decision process and shows exactly what a mortgage broker does.\n\nBest of luck!
1091325
you can look at my profile\nthere I have a link you should have interest in\ncheck it out for yourself text from the site\n"We have over 80 Little-known Banks & Companies that offer Bad Credit Loans, Bad Credit Home Loans, Bad Credit Auto Loans, and Bad Credit Personal loans to people with Bad Credit or even a Bankruptcy. Many require absolutely NO COLLATERAL & NO CO-SIGNERS. Home ownership is not required."\ngood luck
769231
Yes you would be able to get a mortgage, but there are certain things that will help improve you programs. Like if you have re-established credit. Example if you have a credit card, car loan or some other form of credit. I have been able to help people buy homes the day out of a bankruptcy. Fell free to log onto my company website http:/justgetaloan.net/ for a fast free pre-approval, low rates, great loan programs and service. Or for additional info feel free to contact me at 866 530 7300 ext 7305 or by email at jfreeman@justgetaloan.net
541848
There are indeed ways to by a house even with poor credit.  The powers that be do understand that people have to live somewhere and pay, so they do loan people money.  Nowadays, one can even find homes to buy with very little or nothing down.  Usually the penalty for bad credit is higher interest rates though.
913356
there are lenders here for people with limited credit experience\nhttp://www.wesayes.com
214278
Possibly only one of you could get the loan, although both would sign the mortgage.  My wife had no credit history when we bought, so I took the loan and both of us took the mortgage.\n\nIn some states and under some circumstances, the bank might demand both of you to qualify.
1094018
STACY R  is wrong.very wrong. There are lots of bank out there that do mortgage for people with bad credit. First thing to do is run your credit find out all three scores. get rid of the high and low and use the middle score. You need to use W2s to show income. are you buying by yourself or is someone else coming on the mortgage with you?Down you have any money to put down? If you have any other questions please email and I will answer for you. Johng@oldmerchants.com
939079
Yes! A mortgage history (that is on time every month) will quickly boost your credit score! (on the downside, any payments over 30 days late will just as quickly kill it...)
256831
Bad credit can make it difficult to obtain a loan - You may need to fix your credit first and then re-apply. This is a long process - it could take you 12months or more. Start saving money into a savings account, whatever you think you can afford - this will help you work out how much you could borrow, and in turn what house you may be able to afford. There is a lot more to it, money for repairs etc. So even after you buy a house there is more money needed, on an ongoing basis to keep it up. Good luck
873720
Just phone up any mortgage company and ask them. If they don't do it themselves they might know who will.\n\nJems xXx
339953
Call a random mortgage company and ask them this question.