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You may be able to still buy a home. Why is your credit bad? Do you have a down payment?

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17y ago

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How difficult is home buying for new families?

Home buying for new families greatly depends on your credit worthiness. If you have a good credit score, you will be able to obtain a loan and a better rate.


Where can one obtain a bad credit home loan with no down payment?

It is not possible for someone with bad credit to obtain a home loan with no down payment. They would need to have a 5% minimum down payment and collateral.


How do you obtain homebuyer credit?

If you are talking about the first time homebuyer credit, you will be able to receive this credit if you purchased a home between 2008-2010. To claim your credit you must do some through your annual tax return.


How is obtaining home equity loans for bad credit possible?

It is possible to obtain home equity loans for bad credit. One way is to check with different lenders to find out what their qualifications for loans entail. If you have a lot of equity in your home it would be very easy to obtain a loan regardless of your credit rating.


Where can one obtain an equity source home loan?

Almost any bank will be able to help you with this type of loan. A second source to check would be your local credit union, and loan brokers would be another place to check.


I have bad credit due to a short sale Can you get another home loan?

You can obtain another home loan, however, you may be subject to paying a much higher interest rate than you would if you had good credit.


Can you get a home loan if you have a bad credit score but your husband has great credit?

Yes! You can! However, you may want to consider simply having it all done in your husbands name to receive better rates. This would not exclude you from having interest in the property, however. You would simply be able to obtain a better loan at a better rate.


How could one obtain a credit equity home loan refinance?

One can obtain a credit equity home loan refinance by going to their local bank and finding out more information first. If one is not happy with their own bank's interest rates, then checking around would be a good option.


Can I get money to renovate my home with no equity?

It would depend entirely on your personal credit score and your debt to income ratio. Additionally, the bank would have to determine the risk based on the amount of loan you were trying to obtain, and your ability to secure it. You might consider credit cards, or a line of credit with a home improvement store.


After a foreclosure when would you be able to buy a home again?

Normaly your credit history will be damaged for 7 years.


How can your partner and you get a home loan if we both have bad credit?

You will still be able to get a loan even with bad credit. You will probably have to pay more than someone who has good credit, but you should still be able to obtain a loan. The process is a little more intense and might take a little longer, but it should still be possible.


How would one obtain a low interest home loan?

The best way to obtain a low interest home loan is to go to a local bank and apply for one. In order to get a loan, it is best that a person have a good credit score.