I have been trying since March to get a loan we started out with a score of 564 and we have worked our way up to a 620. dont listen to some of the smart a** answers I for one am tired of them if you cant answer a question with respect forget it. There are a lot of people who can afford the monthly payment just dont have the credit to get the loan thats where i fit in and no i dont have the money laying around to pay the down payment but thats why they are offering the tax credit to offset the down payment so people that can afford a house payment can get one. You need to get a copy of your credit report and pay off any judgements pay down any credit cards you have to half your balance and make sure everything gets paid on time. your score will go up. Good luck to you I hope it works for you and hope this answer helps!
How to find a home mortgage for 1st timee buyers with bad credit?
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Hopefully you don’t. If you have bad credit the last thing you need is a mortgage.
Repair your credit, save up a huge downpayment and a cash emergency fund, then worry about a mortgage.
References :
It has become more difficult to purchase a home with bad credit than in previous years. Check out this article on buying a home with bad credit.
http://www.ehow.com/how_5362730_buy-bad-credit-collections-judgments.html#
References :
http://www.ehow.com/how_5362730_buy-bad-credit-collections-judgments.html#
Repair your credit by going to Consumer Credit Counseling. They are a non profit agency that will help you get out of debt. Once you credit is better you will be offered mortages and at lower interest rates. Best Wishes.
References :
Know many people who have used their services to get out of debt. Real Estate Tycoon, Investor and Volunteer for Habit for Humanity.
I have been trying since March to get a loan we started out with a score of 564 and we have worked our way up to a 620. dont listen to some of the smart a** answers I for one am tired of them if you cant answer a question with respect forget it. There are a lot of people who can afford the monthly payment just dont have the credit to get the loan thats where i fit in and no i dont have the money laying around to pay the down payment but thats why they are offering the tax credit to offset the down payment so people that can afford a house payment can get one. You need to get a copy of your credit report and pay off any judgements pay down any credit cards you have to half your balance and make sure everything gets paid on time. your score will go up. Good luck to you I hope it works for you and hope this answer helps!
References :