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It is possible to find a first time buyer's loan with bad credit. That being said, however, there are some things you should know. With bad credit, you are going to pay a higher interest rate than someone with good credit. You may have to come up with a larger down payment, and you might have to pay more points at closing. Because of the financial situation we are experiencing right now, credit has become tighter and more difficult to obtain, so you may have to try several lenders before you find one who will work with you. Good luck!
What else can I help you with?
Are there rebates available for first time home buyers?
There is currently an $8000 tax credit to those who purchased a new house in 2009. However, this tax credit only applies to new home buyers, previous home buyers will not qualify for this credit.
first time home buyers grants?
How do I qualify for a first time home buyers grants
You are a retiree and dont file taxes do you qualify for first time home buyers tax credit?
Yes, the credit is fully refundable. You will have to file a tax return to claim it, however.
What is the deadline to apply for 8000 tax credit for first time home buyers credit?
To qualify for the credit you have to purchase your home between January 1, 2009 and April 30th, 2010. You can still qualify for the credit if you purchase your home after April 30th but before June 30th, 2010 as long as you have a legal contract binding you to the sale before April 30th, 2010.
How does someone qualify for the home buyers credit?
The first time home buyers credit is available to people who purchased their home from 2008-2010. You could not previously have owned a home in the three years before the closing date on your new house. If you owned a home previously, but sold it before the three year deadline, you are still a candidate.
Do I qualify for a Home Depot Credit Card?
You can qualify for a home depot credit card it really depends on your credit card and your credit history which they will run before they give you the card
What is first time home buyers credit?
First time home buyer's credit will not prevent you from getting a home loan. This credit is intended to help first time home buyers. You can check with your lending company to get more information.
Do first time home buyers receive any tax credits?
Yes, there is an $8,000 tax credit for first time home owners, provided the qualify. This would be found out as they go through the loan process.
How does one qualify for a HUD Home Owner Loan?
To qualify for a HUD Home Owner Loan, one needs to have a clear or acceptable credit. You have to visit a bank and ask them if you qualify for the HUD Home Owner Loan, or you can contact a credit repair agency and they will tell you if your credit score will enable you to qualify for a HUD Home Owner Loan.
Can you obtain a home equity loan on a family home that does not have a mortgage?
Yes, as long as you have a good enough credit rating to qualify for the mortgage.Yes, as long as you have a good enough credit rating to qualify for the mortgage.Yes, as long as you have a good enough credit rating to qualify for the mortgage.Yes, as long as you have a good enough credit rating to qualify for the mortgage.
Does a land contract qualify a first time home buyer for the new tax credit?
Does a land contract qualify a first time home buyer for the new tax credit?
What is the amount of the first time home credit for a first time home buyer?
First time home buyers get a $8,000 tax credit for a home contract signed by April 30, 2010 (completed no later than June 30, 2010). Repeat buyers get a $6,500 tax credit.
