I am interested in purchasing a foreclosed home but have bad credit, can I still apply for a vendee loan (I think that is what is called.

Asked by Kbdh, 76114 Wed Feb 16, 2011

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Cynthia Davis, Agent, Weatherford, TX
Wed Feb 16, 2011
Vendee Financing for VA Foreclosed Homes Opens Doors for Home ...
26 Jun 2008 ... Compared to traditional mortgage loans, Vendee Financing requires fewer fees and less money out of pocket. You'll enjoy the unique benefits ...

http://www.veteranstoday.com/2008/06/26/vendee-financing-for... - Similar
1 vote
Dallas Texas, Agent, Dallas, TN
Wed Feb 16, 2011
You can always apply for a loan no professional can render an opinion till they review all your informaiton

If you are declined clear your credit move forward with a purchase

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
1 vote
Matt Pickett, Agent, Colorado Springs, CO
Wed Feb 16, 2011
There are special programs that lenders have that can allow a person to buy with 100% financing with credit as low as 580.
Web Reference:  http://EveryListingNow.com
0 votes
Jim Carter, Agent, Keller, TX
Wed Feb 16, 2011
I would urge you to talk with a mortgage broker to find out what your credit score averages and then seek advice on how to improve it if necessary to a level where you can purchase a home. Often, it is a matter of months to raise your score high enough to qualify for a loan.
0 votes
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