Can I get a reasonable home loan w/ very poor credit?
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.
67196
Prima facie I do not think there should be any difficulty in getting the loan .   Probably your bad credit is haunting you .   Assuming you have bad credit ---due to any reason whatsoever --- it should be possible to explain to the potential lender the reasons which led to the problems .  You may further convince the potential lender that the causes --which led to bad credit---no longer exist .   It is a question of putting up your story in a proper way .   Of course the problem can be solved quickly if the lender listens to your story with empathy .  If this does not work , --as a stratey ---you may try high cost loan where the credit rating may not be an issue .   After repaying some part , you can approach a new lender who offers you " take over loan facility " at a soft rate.    He will be guided by the latest record of repayment .   All in all , it should not be difficult matter.
444330
Well, first off, a "short term" loan is generally less than 12 months, so what you want would not be characterized as short terms by any lender.\nSecondly, if you obtained a mortgage, I'm going to assume that your credit wasn't all that bad.  Generally, if you have some bad credit and you need cash, the best place to go it to wherever you have an existing relationship, which would probably be your bank carrying your mortgage.  If you have home equity, that's your best best.  If not, you might speak with a loan officer at the bank about getting a bill consolidation loan.  Possible they might be able to work something out.\nAn alternative is a loan finance company that lends money at generally higher rates, like a Citi-Finance or other national/regional sources.  Not the cheapest solution, but they do have fewer restrictions than what a bank might since they generally take more risk.\nHope that helps.
873731
Mostly places that will charge you an outrageously high interest rate. You are better off waiting to get the loan, and try paying off some of your old debts and improve your rating. It is very hard to do, but possible, with a little perseverance. Much luck.
339137
Yes - look into FHA loans. For most loans you need a valid credit score which means at least 3 open credit accounts. If you can't get a credit card it is unlikely you have 3 credit accounts.\n\nFHA let's demonstrate credit by using utility bills, car insurance, rent, a monthly deposit to a savings account, etc. \n\nIf you use these forms of "alternative credit" you need to make sure you have a minimum of 12 months of paying on time.\n\nYour score could go as low as 550 for FHA
352118
try Capital One. but alot of credit card companies will try to work with bad credit just the intrest wont be that low. if that doesnt work try a secure credit card.
765312
YES!! The difference between a low and a high interest rate will cost you hundreds of dollars a month and tens of thousands of dollars over the life of the loan. Why are you getting a bad interest rate to start with?? If it's because of bad credit, take 6-12 months and fix your score. It will pay off big time in the end. You can always refinance, but there's no guarantee that interest rates will go down. They may even raise....drastically. So get a good fixed rate when you're in the position to do so!!  Best Wishes!!
771238
YES :)  There are companies that lend to those with bad credit. Ditech.com is one.\n\nThe interest rate may be nasty but you can get a mortgage. There are also companies that own homes that sell them to less than perfect credit.\n\nBuild your credit back up. Get a credit card and put everything you usually buy on it BUT PAY IT off every month. If you have judgments, pay them. Charge offs, wait and dispute them with the credit agency..most can't prove them because they are junk debt.\n\nGood Luck
587597
Depending on where you are credit wise and how much you have for a down payment will effect this question. Assuming your below 500 FICO your looking at a hard money loan. Maximum loan to value +/-70% and your looking most likely in the 10-13% range plus the lenders fees which can be as high as 6 points!\n\nIf your above 500 then your back to a conventional sub-prime lender with much lower fees and a little better loan to value matrix... maybe 80-85% if your on the low end of their scale.\n\nIf you need to speak to a loan officer give me a call or drop me an e-mail and we can go over your specifics.\n\nKruorock@firstratelending.com\n866-562-6838 x 106
857843
Most states have a first time homebuyer program available for people who have never owned before, low credit score are acceptable, your income must be below a maximum guideline.  Low interest rates and immediate second morgtages for closing costs are usually available.  Chech with you local banks, they will know what programs are available.\nGood Luck!
655987
Yes it can. Lenders look at your credit report very carefully and a good one puts you on their good side. Having a decent income is another plus in combination with the credit report.\n\nYou will still need to shop around, find the best rate and programs, go to lendingtree.com for more information.\n\nFor information on buying a home and getting a mortgage, if this is new to you, I suggest you see Suze Orman's books, she discusses the process and gives good tips.
411317
go to your local bank and ask for info. a lot of places will give you a loan with bad credit. don't you ever watch television??
1093931
it all depends on your credit package and the loan terms you want. The better the rates/pricing, the tougher the lending guidelines. Find a creative loan broker. \nWorld savings has easy guidlines, but very particular about the value/home condition.
156362
You can't.  If you have bad credit, you are a high risk.  You WILL pay more for a loan, PERIOD.
102032
You need to have excellent credit for those kinds of loans. I suggest you shop around several banks, and lendingtree.com\nYou may qualify for a low downpayment not as high as it would be normally. Just shop around and make sure you have a couple thousand saved up for closing cost and a downpayment.
61007
Unfortunately, you can't.  Parent Plus loans require at least decent credit, and, if your credit score is low, a cosinger.  Maybe look into other loan options.  There are many websites to check out! Good luck!
1016816
What do you need a loan for?  If your credit is horrible, any loan you are going to be able to get is going to be at a very high rate of interest.  You'd be better off saving $200 a month for a few months and paying cash for whatever it is you need the loan for.  If you just need it to make ends meet, you're going to sink further and further in the hole and never be able to get out.  Spend less.  Pay your bills.  Don't borrow.  Adjust your lifestyle to fit your income, not the other way around.\n\nSorry.  Not the answer you wanted, but having been down the "I can't live on my income, no matter how many raises I get" road, I know what I'm talking about.