Are there realy any mortgage brokers who will give a loan to someone with no $ down and bad credit?

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My credit score is in the 500’s do you think it is possible someone might finance me with no money down.

7 Comments
  1. Reply
    felonius_monkey
    May 2, 2011 at 4:34 am

    Try http://www.askzeus.com or call 1-800-ask-zeus. This company advertises the fact that 95% of their customers have 0% down mortgages, and they can give you an instant decision over the phone.

  2. Reply
    fairway_finance
    May 2, 2011 at 5:19 am

    you can do a 5 percent down loan from 580 +

    550-579 10 percent down

    500-549 20 percent down

    These are best case scenarios, sometimes a 575 will need 20 percent, depending on how bad it is.

  3. Reply
    Some Chick
    May 2, 2011 at 6:06 am

    First, please be advised that mortgage brokers do not give loans. They take your application, review your credit and finance info and shop your loan needs to different banks. There are many subprime lenders (banks) that specialize in 100% financing for poor credit borrowers. The norm is a 580 mid fico on a full doc loan to qualify for a 100% loan. The broker’s job is to find the best lender to help your specific needs. So yes, you may qualify for no money down but all the specifics are needed for an exact answer. Contact a broker company near you to find out more.

  4. Reply
    cklwong
    May 2, 2011 at 6:15 am

    There is always someone who will give you a mortgage regardless of your credit history since the loan is secured by the property itself. A better question is whether you will be able to afford the monthly payment of such a mortgage.

    • Reply
      Candi
      May 19, 2011 at 12:43 am

      By any chance do you of any lenders? If so, please provide me the information.

  5. Reply
    Frank Castle
    May 2, 2011 at 6:59 am

    No.

  6. Reply
    jannie
    May 2, 2011 at 7:34 am

    I don’t think so

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