Home loans for students with bad credit?

Deal Score0

I am a 27 year old student who plans to buy a house for the first time and I was wondering if there are mortgage programs are designed specifically for students. I am also on social security disability, and my credit positively terrible (hospital bills submitted to collection agencies debt are the culprits …). I make a little money each month for my mortgage payment would rather gering.Also, does anyone of programs that I could qualify to know?

2 Comments
  1. Reply
    robert w
    May 14, 2011 at 2:23 am

    a real answer is you should NOT buy a house.
    college students move after grad, you have more bills than cash, you have no understanding of how much a house really costs. you have no means of increasing your income as your house expenses go up .
    do you have enough for insurance , transportation costs, taxes, empty house syndrome, yard upkeep , gas , electric, sewer, water, and unknown repairs? can you live on less than 1 weeks income(food school costs car expenses clothes etc)?
    get a copy of ‘house buying for dummies’ learn before you get the house shaft.
    visit daveramsey.com to learn what bankers pray you never ever learn and apply the info.
    bankers would love to qualify you cause they will win the house back in next 5 yrs. Oh you get stuck with the bills.
    be a smart student stay in an apartment , focus on your studies, graduate on time.
    you do not need a house as an albatross around your neck.

  2. Reply
    gabriel jones
    May 14, 2011 at 2:52 am

    Bad credit is one of the worst problems to have… however there exists a solution.

    I will hereby talk from my personal experience.

    I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,
    if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,

    a good place to start in my humble opinion is astraight to the point ebook with question and answer I found :

    http://umgarticles.atspace.com/debt-consolidation.htm

    if it helps kindly remember me in your voting!.. cheers!

    Leave a reply

    Register New Account
    Reset Password