Mortgages for people with less than perfect credit?

Question

we are looking to buy the house we are in and looking for a mortgage our credit isnt the greatest. we are working on it but time is running out landlord wants to sell

Answer 1

You can get a mortgage today with bad credit. You pay 9% interest for 30 years.  You can close the sale in 2 weeks. /

Answer 2

yea you could get a mortgage with a higher interest rate

Answer 3

Yes, you can get a mortgage but at a higher interest rate and the banks will probably require a substantial downpayment depending on how bad your credit is.  Try these websites, they provide downpayment assistance. www.ameridream.org   www.getdownpayment.com

Good Luck

Answer 4

You could buy one pretty soon if you consider Vendor Financed homes or Rent To Own homes as the owner would assess you and not a bank..

Cheers

Sheree

Answer 5

Even if your credit is not the best, you should have no problem getting a mortgage. The bank may charge you a higher rate, but you should get it. When buying a house, the bank knows they can always repossess. Good luck to you