Are there any lenders that do mortgages for under 30000 to people with bad credit?

Answer 1

Sit down when you have time with a pen and a paper and the yellow pages. Call every lender in the mortgage section that says "bad credit okay" or "all credit accepted", etc. Then write down what they say. Tell them straight out you want to get pre approved for a loan but you have bad credit, and then ask them how much the mortgage has to be. They will tell you straight out. I don't know if you have a downpayment or not, but your chances will be considerably improved if you could come up with 5%. For example, if you needed a 25,000 loan, you would only have to come up with 1250. It's worth your time to do this! I did this and one of the first people I called said I needed 10% down, with 8.5% interest and some very high payments. I kept calling people got a mortgage with 0 down and 7% interest. Different lenders are very different. And I have bad credit. (600 credit score)