Are you looking to purchase a foreclosure property in Columbia Heights? Unfortunately if that is the case you can't get one even if you have the best credit on earth unless you are an all cash buyer. I have a buyer with a credit score of 804 and a pre-approval up to $500,000 that has made 4 offers in the past 6 months and in every case the banks said they would not even consider an offer with financing. I also have an all cash buyer that is also looking in Columbia Heights and he is getting kicked around too. Always multiple, all cash offers.
If you are able to make all cash offers your credit doesn't matter, but I assume you are like the rest of us that cannot do so.
Now about your credit, "bad" subjective term. Do you know your score? I would suggest talking to a lender at USAA or NAVY Federal or somewhere that does a lot of VA loans and see what they say. VA loans are awesome! They have great rates, no downpayment requirements and I think are more lenient with credit scores.
If you are looking to buy in Columbia Heights, I am your man. I just did 2 deals with veterans getting VA loans too so I can help you contact the lenders that do them. Give me a call at 202.669.8493 or email me at Robert@robertleary.com... more