Home Buying in Anaheim Hlls>Question Details

Elizabeth He…, Renter in Anaheim, CA

Can you buy a home with bad credit?

Asked by Elizabeth Herrera, Anaheim, CA Mon Aug 22, 2011

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You get a better rate with good credit but we can make low credit scores work or at least get you in the right direction. Maybe we close after 6 months, but we work with you until you can get the home you want. Call or email for a free pre-approval in less than 10 minutes. We lend our own money and are licensed in 49 states.

We can do: FHA, Conventional, USDA, VA, HARP, Interest Only, Home Equity, Fixed, and Variable. Find out which product is right for you by calling Brad at (855) 415-5626.

Brad Neumann
Sr. Loan Officer
Crosscountry Mortgage Inc.
Toll Free: (855) 415-5626 ext. 5734
Email: bneumann@myccmortgage.com
NMLS# 948036
0 votes Thank Flag Link Sun Oct 27, 2013
Hi Elizabeth, you have some good answers here, and I would recommend that you speak with a lender directly to find out what your options are regarding obtaining a loan or financing for a home.
0 votes Thank Flag Link Tue Aug 30, 2011
Hello Elizabeth,

What exactly do you mean by bad credit? Is it a combination of insufficient credit trade lines, low fico score, judgments, collections, etc? FHA loans can still get it done depending on your situation, but I'd need a little more information to determine the qualification possibilities.

Michael Abram
First Capital Mortgage
NMLS #235060
Direct: (310) 434-1718
Fax: (310) 451-6407
0 votes Thank Flag Link Thu Aug 25, 2011
Yes, it's called FHA.

Happy funding, Rudi
Web Reference: http://www.umboc.com
0 votes Thank Flag Link Tue Aug 23, 2011
It depends on how bad your credit is and what your scores are. "Bad credit" can mean different things to different people. Some come to me saying their credit is bad, and it turns out it's pretty darn good. You actually don't need great credit to get a mortgage. Feel free to elaborate more on why you feel your credit is bad as well as what your credit scores are.
0 votes Thank Flag Link Mon Aug 22, 2011
Depends on the mortgage lender. You can get away with having a score as low as 630 due to Fannie Mae giving loans out to home buyers with scores under 650.
0 votes Thank Flag Link Mon Aug 22, 2011
Much will depend on how bad your credit is; in addition there are other factors besides credit that determine qualification, therefore visit with any loan officer; after reviewing your overall financial information, credit, debt, etc., a determination can be made; if you don't yet qualify, your loan officer may offer great suggestions as to what needs to be done in order to be eligible in the near future....
0 votes Thank Flag Link Mon Aug 22, 2011
In today's market it is not likely!
0 votes Thank Flag Link Mon Aug 22, 2011
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