How can you buy a house if you have bad credit?

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Yes, you can buy your first home with bad credit by accessing federal and local resources and saving for a larger down payment. The first step is applying to lenders for pre-qualification so that you know, for sure, the amount and interest rate that they will loan you. It is probably cheaper to first use calculators online (ie. to determine what a mortgage will cost. From there, you'll need to work with your income and expense information to see how that would work for you. Finally, obtain your credit reports and check them for accuracy. You will not qualify for a loan if there is a lien or a judgement, so work on paying those off. Unpaid accounts also can trip you up. You may be able to call the companies and get a settlement price and then you will get a "paid" next to that item. These are things that companies offer to help you with for a fee; however a non-profit credit agency can help you or you can do it yourself for free.

The benefit to resolving your credit issues is that your loan will be at a lower interest rate and the mortgage will fit your life plan from the beginning.

What is keeping you from spending a couple of years saving a down payment and improving your credit along the way? For most people, past history will be repeated if they do not start monitoring their finances and paying on time . You can buy a house, but if you do not have savings and stable financials, the expenses of maintaining a home may break your heart.
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How can one buy a house with bad credit?

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