I have bad credit if I am still a mortgage?

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I had a bankruptcy 9 years ago, and had 2 major surgeries in the past two years, and dropped my one of my credit card payments and auto loans, the second is the current 4 praegune.Mul is a good trade lines to other collections. Can I still buy a home mortgage?

9 Comments
  1. Reply
    jle4044
    April 30, 2011 at 12:48 am

    You’ll want to look into an FHA-backed loan, not a conventional loan. FHA’s are meant for first-time buyers, others without a large down payment and also those will credit problems.

    The minimum credit score needed to qualify for an FHA loan is 620. However, you also have to have all the collections taken care of. You’re best off talking to a mortgage lender and taking in your own copies of your credit reports and letting them review for qualification. Don’t ask them to run your reports, do it yourself or you’ll get hit with an inquiry on your reports that could lower your scores a little.

  2. Reply
    Help Is Here!
    April 30, 2011 at 1:39 am

    You may be required to pay the collections off before you would be able to get a loan.

    FHA usually needs a score of 620.

  3. Reply
    Lillian
    April 30, 2011 at 2:30 am

    Mortgage loan is a term used for the loans secured by a property. Mortgage loans refer to a loan secured by residential property, often for the purpose of securing real estate. Mortgage loans are priced lower than other loan structures because the value of the property risk for the lender.

    http://www.worldbestloans.com/Mortgage%20Loan.htm

    A fixed rate mortgage loan has its own benefit. If the borrower is budget conscious, he will remain at peace because the monthly mortgage amount will not change.Fixed rate mortgage loan is a loan where the interest rate remains the same through the term of the loan. Fixed rate mortgage loans are the most traditional form of loan.

  4. Reply
    Maureen
    April 30, 2011 at 3:19 am

    Hello,

    My Name is Maureen Sliver i live in the UK and life is worth living comfortably for me and my family now and i really have never seen goodness shown to me this much in my life as i am a struggling mum with three kids and i have been going through a serious problem as my husband encountered a terrible accident last two weeks, and the doctors states that he needs to undergo a delicate surgery for him to be able to walk again and i could not afford the bill for his surgery then i went to the bank for a loan and they turn me down stating that i have no credit card, from there i run to my father and he was not able to help, then when i was browsing through yahoo answers and i came across a loan lender Mrs Lillian Johnson who provides loans at an affordable interest rate and i have been hearing about so many scams on the internet but at this my desperate situation, i had no choice than to give it an attempt and surprisingly it was all like a dream, i received a loan of $ 35,000 USD and i payed for my husband surgery and thank GOD today he is okay and can walk and is working and the burden is longer so much on me any more and we can feed well and my family is happy today and i said to my self that i will shout aloud to the world of the wonders of GOD to me through this GOD fearing lender Mrs Lillian Johnson and i will advise anyone in genuine and serious need of loan to contact this GOD fearing woman via lillianjohnsonloancompany22@yahoo.com and i want you all to pray for this woman for me.

  5. Reply
    Peter
    April 30, 2011 at 3:31 am

    I live in london England i was actually looking for a loan to set up a business and decided to give Yahoo Answers a trial and was scammed twice by some dubious scammers and i saw a tesatimony concerning HENRY SMITH LOANS FIRM COMPANY and gave it a try and i got my loan, if you are looking for a trustworthy,standard,legitimate,reputable loan firm its the afore mentioned you can reach the company through its e-mail smithloansfirm23@yahoo.com please extend my regards when u get to do business with him.

  6. Reply
    Lucky
    April 30, 2011 at 4:21 am

    Hello Everybody,

    I am Mr,William Justin a private lender that has been approve by the Government and has been giving out loans for the past 15yrs,i give out loans at a low interest rate of 2% and my loans are guarantee to your bank account within 48hrs of banking upon accepting to transfer the loan to you,you can contact me via williamjustinloancompany@yahoo.com
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  7. Reply
    Mai
    April 30, 2011 at 4:59 am

    Im not sure if I answered you before, but you can get a unsecured, nocosigner loan up to $ 25000 from prosper. com as long as you have a checking account, steady income, and a credit score above 520. You can read how they work below for a better understanding about prosper.com. Other than them, I am not aware of any other companies that will give you a bad credit personal loan.

  8. Reply
    Bill
    April 30, 2011 at 5:41 am

    freecreditreport.hotusa.org – try this service to boost you credit score before getting loan. After credit repair you can get the loan with minimal interest rate.

  9. Reply
    Allan Hassing
    April 30, 2011 at 6:37 am

    Basically it depends on your credit score… I wonder how much is your credit score right now ??? If your credit score is good so you should be able to get it….

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