It depends on what you mean by bad credit. FHA financing technically has no minimum credit score requirement but in January they announced an increased in the down payment requirements from 3.5% down to 10% down if credit score is below 580.
Additionally, since FHA does not lend directly, the actual lenders may have their own more restrictive guidelines (they're called "overlays") that restrict their loans to folks with credit scores above a certain number (typically 620) or charge a higher fee or rate below a certain score.
Chase will qualify you for a mortgage even if you have bad credit. You can even have filed for bankruptcy
There are many different programs to help you get a mortgage even if you have bad credit. You are likey to pay a higher rate for your mortgage but there are mortgage brokers who can help you to qualify.
No, since you are not a first time home buyer. I tried that when I got a divorce and because my husband and I had bought a home I didn't qualify. Not necessarily true. In New Jersey, if you haven't owned a house in the last 3 years, you are considered a first time home buyer and are eligible for the First Time Home Buyer Program funded by the New Jersey Housing and Mortgage Finance Agency (NJHMFA). This loan offers a below-market, fixed interest rate and can even help with down payments. I would check with a mortgage company in your state to see if there is a similar program available.
If you were a first-time home buyer in 2008, you should know about and begin to plan for a new tax credit that was recently put into place. Some details of the credit include: * The tax credit is applicable to taxpayers who purchased homes after April 8, 2008, and before July 1, 2009. * The First Time Homebuyer tax credit will reduce the taxpayer's tax bill or will increase their refund, dollar for dollar. * The homebuyer tax credit will be paid to eligible taxpayers even if they don't owe any tax or the credit is more than what they owe. * This tax credit works almost like an interest-free loan in that it has to be paid back over a 15-year period. This information was provided by: http://www.efile.com/tax-deduction/mortgage-deduction/first-time-home-buyer-tax-credit.asp
You must have both a good credit score (600 or more) and little or no debts, you may qualify for a Barclays credit card. There are different categories that allow you to qualify for a Barclays credit card, which can be helpful for people with high credit scores but low debts or people with average credit scores with low debt. Remember that you might be denied a credit card even if you have a high credit score, due to high debts.
Chase will qualify you for a mortgage even if you have bad credit. You can even have filed for bankruptcy
Even if you have bad credit, you can still often find an easy credit card to qualify for. Depending on whether you have a poor credit history, or just no credit.
There are many different programs to help you get a mortgage even if you have bad credit. You are likey to pay a higher rate for your mortgage but there are mortgage brokers who can help you to qualify.
No, since you are not a first time home buyer. I tried that when I got a divorce and because my husband and I had bought a home I didn't qualify. Not necessarily true. In New Jersey, if you haven't owned a house in the last 3 years, you are considered a first time home buyer and are eligible for the First Time Home Buyer Program funded by the New Jersey Housing and Mortgage Finance Agency (NJHMFA). This loan offers a below-market, fixed interest rate and can even help with down payments. I would check with a mortgage company in your state to see if there is a similar program available.
If you were a first-time home buyer in 2008, you should know about and begin to plan for a new tax credit that was recently put into place. Some details of the credit include: * The tax credit is applicable to taxpayers who purchased homes after April 8, 2008, and before July 1, 2009. * The First Time Homebuyer tax credit will reduce the taxpayer's tax bill or will increase their refund, dollar for dollar. * The homebuyer tax credit will be paid to eligible taxpayers even if they don't owe any tax or the credit is more than what they owe. * This tax credit works almost like an interest-free loan in that it has to be paid back over a 15-year period. This information was provided by: http://www.efile.com/tax-deduction/mortgage-deduction/first-time-home-buyer-tax-credit.asp
Some car dealerships qualify people for car loans even if they have bad credit. You can also try to obtain financing through a bank or local credit union.
Applying for a credit card these days is very easy. You can apply right online now. I have discovered that Capital One is the best credit card to apply for. If you have no credit or even bad credit, Capital One will help you build your credit. Therefore, you don't really need much to qualify for a credit card from Capital One.
You must have both a good credit score (600 or more) and little or no debts, you may qualify for a Barclays credit card. There are different categories that allow you to qualify for a Barclays credit card, which can be helpful for people with high credit scores but low debts or people with average credit scores with low debt. Remember that you might be denied a credit card even if you have a high credit score, due to high debts.
I have the exact same credit score but with about $10,000 to put down. How did you do?
If you meet all of the rules to qualify for the homebuyers credit YES. The FTHBC is a Refundable credit and when the credit amount is more than your total income tax liability, the excess amount will be refunded to you.
No, most banks will not give a person a school loan if they have bad credit. The person may qualify for other programs if turned down.
People can qualify for a home loan even if they have poor credit. There are many agencies that specialize in loans for people with bad credit. You can apply for one of these loans but you must expect to pay a higher credit amount.