Poor Credit Home Loans

Read more of this >>

Read more of this >>

Im a single mother and im currently living at home with my mom because I cant afford the real estate or rentals in my town. My aunt offered me a nice deal, she has a really nice little mobile home and she is asking me for $30,000. I want to be able to get a loan with little or no money down but if neccessary i can put %10 down. I have perfect credit so it shouldnt be a problem getting a loan but my banks here in town dont want to finance mobile homes. What should I do?

I am looking to purchase a house, this will be my first time buying and I am not sure yet how much I will be approved for. I make 35000 a year, and have good credit, my husbands makes 60,000 and has poor credit. Since I don’t want to put him on the app for a loan I was wondering if I can use his salary, is that possible?
Experts out there? please help

So I am very new to this whole buying a home ordeal, and kind of dense about it all as well. I had a few questions that I hope you can answer for me:

1) I make about $1400 a month, do you think I would qualify for a mortgage? I have excellent credit, and I’d be moving in with someone who has poor credit. Is this a problem?
2) If I do qualify, what would happen if I wanted to purchase a house for $90,000 to $100,000 with no money down?
3) If I wanted to put 20% down, could I take out a mortgage loan and use that towards a down payment on the house? What is the interest rate on a mortgage loan?
4) Addition to question 3, can I take out a loan as well for closing costs?
5) So figure I put 20% down on a house that costs about $90,000, what would my monthly mortgage payment be? About $500 or more?

Thank you for all the help! Always appreciated!
Thanks!

We need a house asap. We are looking at a cheap one, $22,000. First time home buyers (hopefully) in the state of PA, so any info on those type of programs would be good. I know I can’t go through a bank, it would have to be one of those rip-off mortgage brokers. But anyway check out our situation:
We only make about $22,000 a year. We owe ALOT! We owe about $20,000 in credit cards/vehicle loan. My fiance has good credit and he makes the most money. I have poor credit with hospital bills, 2 credit card settlements, and 2 utility bill collections from very recently (past 6 months) on my report. So I guess $22,000 GROSS a year broken down monthly would be about $1800 GROSS. Monthly we pay out $600 a month between loan and credit cards. Is there any hope for us at all? I am so desperate.
Purchase price is: $22k
taxes $902 a year
estimated insurance: about $350 (correct me if i’m wrong)
we have no money for a down payment.
we will be paying $3,000 of the credit cards off in February, but I need the loan asap. 13,500 of the $20k is the car loan, the rest is credit cards, and like I said 3k will be paid next month

I am interested in purchasing a home, but have somewhat poor credit. Plus, I am a first time homebuyer. What is the likelyhood of me being approved for a home loan of $60,000? Are there lenders out there that will lend money to someone with poor credit, considering the recent mortgage crisis?

I am currently living in a residence with my husband and 2 kids that is just way too small for us. We were hoping to be able to take advantage of the $8000 tax thing the gov’t has goin on for first time home buyers before that program ended. The problem is 1) we have to wait until October to be able to put any money down on a house and 2) we both have poor credit scores (600). His is due to about 7 collections he has on him from hospital visits in 2007/2008 that for some reason were never submitted to his insurance (all from the same hospital) and are now having issues with that. Other than that his credit is ok, with 2 open loans we have had for about a year and have never been late (car loans) on. I just don’t have any credit for some reason, despite having a car loan in the pass and a loan for $3000, both of which I was never late on a payment.

So, before we start trying to get a loan, is it even possible that we can? My husband works, he is a welder, and makes approx. $65,000 gross per yr.

Next, take a realistic look at your credit. Personal loans are easier to get with poor credit than home equity loans are. As will any loan, take the time to research your options and know what is available and the total cost of that … …

Read more of this >>