Is there a way for people who have poor credit to buy a house ?
466897
Your can buy a house with poor credit owner finace and pay 54% interest and never pay it off its nothing more than a scam.*\n\nWhen you get behind they put you out than turn around and sell it again but they keep you large down payment. Its legal instead of being a sum-lord they or sum financers.\n\nI bought a home through Coldwell Reality last year and the bank they back track your rental and credit history 10 years a house is the hardest thing in this world to buy.
424421
There are lenders that could help you a little if you had a job. That is you problem. You have to have income that can be verified and job history to support that. Being a student and not having a job will make it impossible for you to buy a house unless you have someone that will say that you work for them and do a "stated" loan which is where they don't verify your income.
495798
contact www.naca.com\n\nThey are a non-profit housing advocacy group and they either finance their own mortgages or work with big lenders such as Bank of America.  They will work with you to improve your credit also.
777037
In mortgages, there's really no such thing as co-signing for credit.  It's possible they are so strong they basically qualify on their own, but unless they are living in the home also, different rules would apply.\n\nUsually, co-signing is done for income qualification purposes.  \n\nIn your case, your best bet is an FHA loan.  Find a major bank or broker in your area and get a good loan officer.  They'll walk you through what can be done.
1003685
There is no way  around the bad credit.   Sounds like you will have to establish  the credit again.   Good luck though.
1059603
I have answered this question in a 5 part series. There are a few items that can be done to build credit. Here are some quick ideas:\n\nThe fastest way is to have a family member or friend put you on a credit card of theirs as an authorized user. This allows the history of that account to report to your credit as well, but you never are in debt. (Just be careful that the account you are added to is a good one!)\n\nHowever, this is not a long term solution for good credit... try these for solid established credit over the long haul....\n\nOpen a Credit Union account and get them to provide a secured loan against your savings. If you have bad credit, most traditional and national banks will not give you a loan. They usually want good credit for that.\n\nGet a secured credit card and only use it for gas purchases, once a month and pay it off each month. No debt, but always paid on time... does wonders!\n\nBuying a car can help, but you will have a very high rate with limited or no credit.\n\n\nCheck out the resources below for all the details and more ideas.
606524
Amazingly, I dom't think there is one.\n\nI would contact them directly and ask them how to purchase credit. There must be a way as they have a table of pricing!
54604
Your credit score isn't all that bad considering the national averages.\n\nHowever, you have some other options besides outright purchasing a home for sale:\n\n1. Lease Option or Rent-to-Own: Look for these advertised in the classifieds, that allow you to rent a house for a certain term (like 1 to 3 years), where some or all of your rent goes toward the purchase price. Then, when you're ready (you should repair your credit during this time), you can purchase the house. Part of your down payment will already have been paid.\n\n2. Talk to the Fair Housing Administration (FHA - http://www.fha.gov) about HUD loans for low-income and not-so-good-credit individuals.\n\n3. Look into purchasing a foreclosed home at an auction.\n\n4. Ask a close friend or family member with good credit to co-sign your mortgage.\n\n5. See if anyone is advertising "seller financing" or "owner financing", in which the seller will allow you to make mortgage payments directly to them.\n\n-----------------\nUpdate: DO NOT apply for an interest-only loan. You will be severely hit with a balloon payment down the line, or higher payments, or at the very least you'll have to refinance and pay additional closing costs. Interest rates are rising, and you won't want to do that. Stay away from these!
655987
Yes it can. Lenders look at your credit report very carefully and a good one puts you on their good side. Having a decent income is another plus in combination with the credit report.\n\nYou will still need to shop around, find the best rate and programs, go to lendingtree.com for more information.\n\nFor information on buying a home and getting a mortgage, if this is new to you, I suggest you see Suze Orman's books, she discusses the process and gives good tips.
857843
Most states have a first time homebuyer program available for people who have never owned before, low credit score are acceptable, your income must be below a maximum guideline.  Low interest rates and immediate second morgtages for closing costs are usually available.  Chech with you local banks, they will know what programs are available.\nGood Luck!
75722
Poor credit, how poor.  A low FICO does not always mean rejection form a lender.  I work with over 150 now.  Write me an email and we can talk options if you would like a professional opinion.  \n\nYes you can buy a home it simply depends on what home and how much it will cost to acquire.\n\nI'm assisting a buyer now who has a 576 middle FICO buy a $575,000 home now.
572656
Here is another resource:\n\nwww.naca.com\n\nThey are a non-profit housing advocacy group. They do their own financing, will work with you to get your credit back on track and they also work with banks.  They do fixed rate loans.  Check them out.  If you have bad credit your terms with a lender aren't going to be that great.  NACA isn't about profit, they are about getting people into houses.  They got their money by taking on Fleet Bank for predatory lending and they won.  Now they use that money to help others get into homes.  Good luck!
89292
try contacting one of the three major credit bureaus, call a mortage company for the numbers.
1069800
Put in refinance mortgage bad credit and see what you get.\n\n\nLC
913744
Use the money for a down payment on a house and use the credit score to your advantage by getting a low interest rate. You might consider buying a duplex that has good potential, and then charging over what you owe on the loan. Then you could eventually save up enough money to buy another house and rent it out. \n\nIt's just one idea that has worked for people that i know.
400165
The bigger question is do you have any money for a down payment?  If you can fund a decent sized down payment, many mortgage companies will look over "okay" credit.  If you can't make a down payment, and only have "okay" credit -- then your chances are slim of getting any type of mortgage loan.
195300
Even if you have bad credit, but have good income, you have a good chance. But you're not meeting the criteria in either side. Bankruptcy is the last thing should come in mind. In your case I rather suggest you talk to a good good home refinancing or mortgage company. Try also to find someone to co-sign with good credit or high income.\nSee if you can talk to one of the agents in http://www.LendingTree.com they have connections with various banks, and online companies.