breanna_jem
Junior Member
I am looking to buy a new house but for my bad credit history I am hesitant to ask anyone about it. Is there any chance that I get another loan and meet the requirement of owning a house? Any suggestions? Thanks!
-
FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018.
By continuing to use this site, you are consenting to our Terms of Service and use of cookies.
Seeking a loan with bad credit history!
- Thread starter breanna_jem
- Start date
Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills Please click a topic or scroll down for more.
VeronicaLodge
Senior Member
ask whatever bank or mortgage company you go to if they do "manual underwriting" that is what you want.
TigerD
Senior Member
Lease with option, owner financing, virginmoneyus, there are more ways to finance something than there are things to finance -- you just have to work at it.
DC
seniorjudge
Senior Member
What kind of bad credit history?
But, I agree with the others: Despite what the news media says, there is plenty of money to loan.
Getting a Subprime loan will be tough in todays market with the foreclosure crisis. There are options out there like lease to buy. With a poor credit history, one thing that will help is a substantial down payment. Also, be prepared to pay high interest rates, too. You might also try FHA, Freddie Mac, or Fannie Mae.
If nothing else, there is "Hard Money", which means your loan is from a non-bank institution such as an individual or small company. Hard money usuaully requires 30% or more down, and is very costly interest wise. But the advantage is that they take people with bad or no credit.
If nothing else, there is "Hard Money", which means your loan is from a non-bank institution such as an individual or small company. Hard money usuaully requires 30% or more down, and is very costly interest wise. But the advantage is that they take people with bad or no credit.
costandino
Junior Member
You can borrow money but depending on your credit problems it can be expensive. Check out the site www. debtworkout.com. There is a lot of good reading on a myriad of debt related issues. Seems well written and concise. Good luck.....C 
.
.credit
what do you consider to be bad credit there are options out there that if you have 12 months of good payment history you can get fha or fannie mae products that have good 30 year fixed rates and they take up til 12/3 575 score
so it all depends what is really bad credit.
hope this helps.
what do you consider to be bad credit there are options out there that if you have 12 months of good payment history you can get fha or fannie mae products that have good 30 year fixed rates and they take up til 12/3 575 score
so it all depends what is really bad credit.
hope this helps.
Find the Right Lawyer for Your Legal Issue!
Fast, Free, and Confidential
data-ad-format="auto">