Bad Credit Agency

Where can I get a home loan with bad credit and downpayment assistance?

I have money for a good down payment I Just want additional help to help me to secure the loan.

Public Comments

1. Go back in time and pay your bills.
2. Your question really should be: How can I improve my credit and save enough for a down payment? I think you will get yourself into DEEP financial trouble if you try to buy a home with your current situation - bad credit and no substantial savings. Many of my friends, with stellar credit and savings, tell me the expense of a home is VERY steep and is more than most people realize.
3. do a search for housing finance agency in your state. they're the ones with the down payment assistance money.
4. Contact a major mortgage lender such as Countrywide or Wells Fargo who specializes is subprime mortgages. Rates may be slighlty higher, but that is okay as long as you can afford the payment. This will help you re-establish your credit history so you can refinance into a prime loan at a later date (2-5 years). As for seller assistance, generally, if you are putting 20% down, you can receive up to 9% of the sale price as a seller assistance. Of course, the seller would have to agree to this. Typically, the sale price increases if a seller assistance is involved. Also check first time homebuyer loans, FHA loans and other avenues for minimal downpayment loans. Good luck.