Bad Credit Home Loan?

Apr 28th, 2010
by admin.

My husband and I want to buy a house. We already have 2 houses, they are both being leased to own and we can prove it. My husband has had the same job for 25 years and has a decent income. We will only be using his credit. We have a trust account with 2 times as much money in it as the amount we want to borrow. We do not want to pay cash, we want to get a loan. The hitch is that we have bad credit at the moment. We just paid off all of our debt, all we have are the 2 houses but over the last 2 years our credit has suffered due to a bad financial situation. Does anyone know if there is any chance of people with our scenario getting a home loan? Any info will be appreciated!

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7 Comments

  1. ted f says:
    April 28, 2010 at 2:59 am

    there are plenty of places that will do the loan i just refinanced at http://www.directlendingplanet.com

    they had the lowest rate of three i had in hand one of was my bank.

    they are a direct lenders and where the cheapest

  2. orlando j says:
    April 28, 2010 at 3:52 am

    There are hundreds if not thousands of websites on the internet enumerating the ways to apply and receive home loan when you are plagued with bad credit issues. These sites help consumers with bad credit scores to increase the viability of their existing credit scores and set up loans regardless of their credit history.Companies that specialize in bad credit home loans; usually offer a wide range of options for consumers with bad credit