Is There Any Chance Of Getting A Home Loan With Bad Credit?
Tags: Any, Chance, Is, Of, There
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on Friday, July 31st, 2009 at 2:05 pm and is filed under Q&A Auto Financing with Bad Credit.
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In current economy, very unlikely although your down payment will help. But if all your problems are old, there is a better chance, but if they’re old and your recent history is good your credit should be improving. Go to a lender and try to get prequalified.
Not much of a chance. Clean up your credit and try it in a few years.
You can get a credit report right now and find out how your credit looks now. That would be a start. There may be things on there you need to clean up.
Have you looked into a FHA loan? That is 3.5% down. and your credit doesn’t have to be perfect. Congrats on saving up such a good down payment for being so young. .
freecreditreport.hotusa.org - try this service to boost you credit score before getting loan. After credit repair you can get the loan with minimal interest rate.