Hi Cynthia, your best bet is to talk with a mortgage rep - we'll have one available at our upcoming free Buyer's Seminar this Thursday - click the Blog Post below for more info:

http://www.trulia.com/blog/jeanne_feenick_-_new_jersey/2009/…

or visit http://www.feenick.com and click on Planned Events.

I'd be honored to assist you. Consider attending the Buyer's Seminar - it is a great place to begin!

Best,
Jeannie Feenick
Search and connect at http://www.feenick.com

Hi Cynthia,

As mentioned below, it really depends on how bad you think your credit is and what might be the items on your credit report bringing down your credit. Have you seen a copy of your credit report from on line or from a mortgage banker? Speaking with a mortgage banker will give you your best case scenario if you want to purchase a house and take advantage of the $8,000 buyers credit. My preferred lender is Wells Fargo, and his name is Paul Strum - 917-238-5917 (NY cell number but he works in Somerville). Reach out to him and he can help you understand what issues you may have and if there are any options.

Good luck!

Donna Haigh
RE/AMX Classic Group
908-393-8151

Hi Cynthia,
As Yelena stated, you really need to speak with a mortgage banker or broker to give you a real answer to that. You state you have "bad" credit, but it's really going to depend on how low the score is. I am seeing that people in their low 600's are still getting mortgages, and FHA is financing with as little as 3.5% down. If you need a recommendation, send me an email and I can reply with some names and numbers.

You may want to consider working with a credit counselor or trying to work out some of those bad items yourself before you take on a huge responsibility of a mortgage.

Good luck with your potential search!
Sincerely,
Lisa Tempesta, Broker-Salesperson
Realtor® -Associate
Coldwell Banker Residential Brokerage / 2200 Rt. 10 West, Parsippany, NJ 07054
(973) 267-3030 x 129 / (973) 267-4161 fax / (973) 668-6322 cell / skype id lisa.tempesta / text 9736686322
connect with me on linkedin.com / plaxo.com / facebook.com

Cynthia,
How bad is bad?? Seriously. Some people with credit problems can get a mortgage, but can't tell you without more details. Email me and we can review whether or not you are eligible. I do this every day and can tell you what you need to know in a few minutes.
Ruth Bonapace
Mortgage specialist
ruthbonapace@gmail.com

Hello, Cynthia!
How are you?
I am not a mortgage professional, but if you have a low credit score you will have problems in financing for home purchasing. Large sum of down payment may help, but I am not sure. You should consult a loan consultant first.
Oh, good luck.

Yelena
for free market report click here: http://www.homeinsight.com/Widget/default.asp?Z46AQU6R3MKD