What is the best way to get a first time homeowner loans for people with bad credit to get?

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My husband and I were married 8 years and we want to buy our first home. We have 2 children aged 7 son y / o, Y 4 / o daughter. We rent all these years and this past year, we spent $ 6000.00 are in the rent. We thought if we could afford to put on a rent we could afford this gamble paid on a mortgage. Please help.

  1. Reply
    April 29, 2011 at 11:01 pm
  2. Reply
    Real Estate Guru
    April 29, 2011 at 11:35 pm

    The best way is to fix your credit first and then buy so you don’t get ripped off in a high-interest rate with a subprime lender.

  3. Reply
    April 29, 2011 at 11:42 pm

    How bad is the credit, what are the scores? Is it old bad history or recent? IF recent is it all paid off? What is your income to debt ratio? Do you have a decent down payment or expect 100% with bad credit?

    Go sit with a GOOD Broker and go over your options, THAT is the ONLY way you will know what is or is not possible.

    Stay clear of these idiots who do nothing but spam the site.

  4. Reply
    bob W
    April 30, 2011 at 12:35 am

    call up sellers and ask about owner financing. You can most of the time just take over their payments with no money down.

  5. Reply
    April 30, 2011 at 12:47 am

    Here are many first time home buyers programs available. You may start by calling the city Housing Office in your city or the county housing officemortgage brokers or institutions that are authorize to administer the program. These agencies are normally listed on a pamphlet.

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