Home Credit Loans

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Home Credit Loans

Does anyone have any resorces on low or bad credit home loans?

I am trying to find a home loan but i dont have good credit my score is pretty low and i dont have much of a down payment does anyone know of any place i could look to mabey get a home loan in florida? I am new to the whole process and dont know what to look for a lot of places say bad credit is ok but you have to have at least a 600 credit score? I dont know where to look anymore.

Thanks for the help.

You may qualify for an FHA loan. The down payment is low and the credit scores aren't as important.

What banks work well with bad credit home loans?

Let me first say, Be Careful!!! Some banks will impose extremely high interest rates on a loan with bad credit. Contact a real estate agent, who is a member of the National Association of Realtors, and find out what kind of first time home buyer programs your state offers. I'm an agent in TN and we have a program called THDA. It's a great program that offers down payment assistance as well as help towards your closing costs. The interest rates are very reasonable. Explore all of your possible financing options before you jump into signing anything. Also, when purchasing a home, you should ALWAYS be represented by an real estate professional! It costs you absolutely nothing and you have someone knowledgeable to represent your best interests so you don't get taken advantage of. Good Luck on your purchase. I hope I helped you answer your question.

Do you know of ant lenders who offer bad credit home loans?

My husband and I both have bad credit (both from previous marriages). We both work and have stable jobs. Do you know of any lenders who legitimately offer home loans to people with bad credit. The place appraises at about 160K and we can get it for about 120K. Thankms for your help

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.

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