How to buy a home with no money down and really bad credit?

If you do find a lender that will loan you the money, with no money down and really bad credit, you will be paying an extreme amount of interest on a mortgage and a huge monthly payment.



You should take some time before you start home shopping and try and clean up your credit.How to buy a home with no money down and really bad credit?
i don't knowHow to buy a home with no money down and really bad credit?
by winning lotto, inherit lots of money. or save hard.
Look for a cardboard dwelling.
If you can secure a loan, it will probably be at a high interest rate. You can refinance in a few years if your payment history is good.
There are so many different homeowner loans it's possible. You'd need to talk to someone from a bank or loan company to figure out which one you can go with.
Boy, if I had a dollar for every time I've read that question here, I'd buy another house. No money down is hard enough. Bad credit is hard enough.
There's something called sweat equity which can be teamed with owner financing. It's usually done when a house needs so much work it isn't salable any other way.



Basically you enter a contract where you are paying monthly payments toward the purchase of the house. You have to fix it up at your expense. You WANT to fix it up and get a regular bank loan as soon as possible because every improvement you make makes the house more salable. If you miss a payment under an owner financing agreement, they can terminate the agreement and you've lost all your hard work.



It's a good deal IF you have the paperwork to back it up and can make the payments on time. It's a bad deal if you don't have the paperwork or lose your job.
Check with the organization below that offers down payment assistance. I dont know if you qualify or not, but they are experts in what they do and certainly worth a click to contact or a phone call. A friend of mine bought a house with $500 down and her credit was horrible.
you won't be able to, unless you have a good paying job.

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http://www.bestcreditrates.net
Get some dumb person to co-sign your mortgage. Include the closing costs in the mortgage. When your fail to pay the mortgage, then the co-signor will be stuck with the debt and they will end up in as bad a shape as you apparently are.
You can't because you cannot afford to make the payments.
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