Bad Credit Agency

how can i buy a home with bad credit(defaulted student loan)max downpayment 5000?

Public Comments

1. go to the bank and ask about foreclosures. bad credit might be a huge problem. i knew of someone who had 11k downpayment on a house but credit was probably good.
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3. I can't believe it. Five answers four spammers! Report them! Anyway, I can't really answer you either because I don't know the cost of housing in your area. I'd say you'd be best off waiting until you have a bit more cash and the student loans are rehabilitated. BTW I had the same problem. The loans are easy to rehabilitate. Call them and ask about it. Sorry you got spammed.
4. Don't lose hope if you're looking to buy a home. There are so many different ways to fund a home now, just about anyone with any kind of credit can get into a home, regardless of credit situation. Of course, some will cost you more money in the long run, but a home it's still one of the best investments that you can make, so, in many cases, it's worth it, especially for the first year of ownership. You should shop around, and ask different lenders what kind of programs they have, and if they can help. Try to find a lender that specializes in bad credit mortgages. You can find some bad credit mortgage lenders listed on this page on and off: http://www.axalda.info/bad-credit-mortgage.html