There are private lenders who lend, but many times their terms are not favorable to the buyer.
I would recommend contacting Steven Sakofsky he will be able to answer your questions:
SunTrust Homes Real Estate and Mortgage
12526 High Bluff Drive #300, San Diego, CA 92130
NMLS # 324379
Phone: 866-377-7283 | Cell: 619-246-5626 | Fax: 858-509-3768
There may be private investors who'd consider lending. But you're going to have to pay a lot. It's also possible that some banks that hold their own loans might consider lending to you. Or wait until you've cleaned up your credit.
Google "Hard money lenders" in your area.
Henry L Kaplan
Licensed Real Estate Salesperson - Florida (Servicing all South Florida and offering FREE relocation assistance worldwide)
Finding an angel finance you may be possible, but nothing comes without a cost. Some investors for situations like this are all smiles and handshakes up front, and can't wait for you to miss a payment or two to scoop up what equity you may have found. This option is risky and not recommended unless it's a close family member, and even then it's risky on the relationship.
What is better is to take some time to resolve your credit issues once and for all. I've seen several people do this through the years and it is possible. Sometimes it can even happen quicker then you think. Pay your bills on time or early. Pay down any balances on open accounts and quit using the cards. Do not close any accounts or pay off any old collections, this will lower your scores.
There are mortgage lenders who assist with credit repair. Find one, discuss your issues and see how fast they can get your scores up and position you for long term success. It's not a short cut, but it pays off.