I have really bad credit. I made some mistakes as a teenager that are coming back to haunt me now that I’m 23 and married. My husband and I want to be home owners but we both have poor credit. I recently got a loan to pay off bad debt. I know it will take awhile for my credit score to increase but we really want to own our own home and are very good about paying our current bills on time. My husband is on social security because he is in a wheelchair but I have a monthly income of about $2200 and my work history is strong. Is it impossible for us to get a loan for a mortgage? Can you suggest any bad credit lenders that are legit? Thanks.

Keep in mind while we blame the Banks who gave the loans to bad credit holders, our Govt told them to “Get low income and all first time home owners in their FIRST HOMES”. Also, keep in mind, that the people applying for these loans KNEW their loans “may” go up and YES the mortgage lenders do explain this to you, as the home owners try to play “dumb” now.

Keep in mind, many people combined high credit card balances, car loans and got every extra on the new homes they could knowing it was low interest loans on their new home and now that the rates are up “Ut oh” and now expect the govt to bail them out.

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I paid off my mortgage about 3 months ago. All 3 credit reporting agencies took it off my reports. The payments were always made on time. There was never a late payment. Should the agencies leave this item on to show credit worthiness, or is it better to leave it off? I would like to buy a new house next year. Any advice is appreciated. Thanks!

We’re trying to buy a home..
The houses we are looking at purchasing are like 65k..
We have no equity, we’ve been renting, also we live in the US. Thanks though.

I want to purchase a home for 359,000, The mortgage calculator says my payment will be around 1780 a month on a 50 year loan with 0 down and 7 percent interest rate, is this accurate. Or is this even possible. I’m a first time home buyer and am not too familiar with all of this. My credit isnt the best but its decent. I make around 33,000 a year. Please let me know if this can happen. i would like some advise before i get to serious and get a real estate agent and come to find out i cant afford anything.

A Bad Credit Mortgage Loan can help you get a mortgage loan in spite of a bad credit score. In the event that your debts are up to your head and you have no alternative solution because you do not be eligible for a regular mortgage loan, then it’s your decision to contemplate borrowing from a high-interest rate home mortgage.

Who are generally the candidates for a bad credit mortgage loan?

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UWith hundreds of subprime lenders online, you can quickly find a home loan with bad credit. Taking the time to get your financing first will save you both time and money. You can also select loan terms that best fit your budget needs. Start with recommended lenders, and then expand your search. In less than a day, you can start your loan application and be on your way to buying a home.

Before You Buy A House, Get Your Financing Lined Up

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Bad Credit Mortgage In Florida

Getting a Florida Mortgage with bad credit isn’t as easy as it was a year or two ago. However, it isn’t as impossible as some news reports make it seem. Even Floridians with bad credit reports which reveal past financial sins still sometimes get to the promised land of mortgage approval. Most Florida mortgage applicants and Refinance clients do so with the help of a skilled and experienced Florida mortgage lender who specializes in Florida FHA bad credit home mortgages to Refinance or Purchase a Florida home

For the Florida Bad Credit home buyer the FHA program can simplify the purchase of a home, making financing easier and less expensive than a conventional mortgage loan product. Most Florida mortgage applicants didn’t know this but FHA has No minimum credit score requirements. Its the Florida FHA approved mortgage lenders that set minimum credit score requirements. At FHAmortgageprograms.com we can go down to a 530 FICO score when most Florida  banks and other Mortgage lenders  require a  minimum 620 FICO. Some highlights of the Florida Bad Credit FHA mortgage program include:

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as i see it, giving loans to people with bad credit is no the cause of the problem, because these people with bad credit were able to their mortgages.

seems like everything went bad with rates started to go up. so is who or what to blame the person or company who came up with “adjustable rate loans”?

why not just give people with bad credit fixed rates, because they seem to be able to pay a fixed amount just fine, or have rent to own agreements?
as i see it, giving loans to people with bad credit is no the cause of the problem, because these people with bad credit were able to pay their mortgages.