How can I get a mortgage with bad credit?

How can I get a mortgage with bad credit?
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1 Answer

Answer :

It is very difficult to get a mortgage with bad credit. You will probably first have to raise your credit score.
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Related questions

How do you refinance mortgage w/ bad credit now after finances change do to lost of job 2 years ago. found knew job about 3 month after but pays less.Asked about modification w/mortgage company said they don't participate. ?

Description : How do you refinance mortgage w/ bad credit now after finances change do to lost of job 2 years ago. found knew job about 3 month after but pays less.Asked about modification w/mortgage company said they don't participate. ?

Last Answer : Just because your mortgage company say they don't refinance does not mean you should stop. Make a list of the places that do participate and apply there to see if you can get the help you need.

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Last Answer : If you have bad credit you will not only have a hard time getting a loan, but you will be charged a higher APR. As a result, your mortgage payment will be higher than if you had good credit. If you ... of being denied a loan until bad debts are taken care of and even then you may have a higher rate.

Can I get a Federal Housing Administration (FHA) mortgage if I have bad credit?

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Last Answer : Federal Housing Administration guidelines require a minimum credit score of 620, two years since the last bankrupcy and three years since the last foreclosure. Individual lenders may have more strict requirements.

Is it possible to still get a reverse mortgage loan with bad credit?

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Last Answer : You can get reverse mortgage, but you must also realize that if you pass away or sell your house you do not get all of the money. They will take it and all the interest that goes with it.

Consult A Credit Score Chart When Getting A Mortgage?

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Where can I find a mortgage company that will approve a mortgage when I have a 553 credit score?

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Is an Adjustable Rate Mortgage really as bad as I have been led to believe?

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