how can I get a home loan with bad credit, but money saved in the bank?

Asked by Randbcc1, Philadelphia, PA Tue Aug 23, 2011

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Bruce Lang’s answer
Bruce Lang, Agent, Philadelphia, PA
Sun Aug 28, 2011
if you have 40% down, then you have options...if you don't have that musch, you will need to try to build credit or find a seller thats offering seller financing...or get a co-borrower (in this case the borrower)
0 votes
James Ryan, Mortgage Broker Or Lender, Leesburg, VA
Wed Aug 24, 2011
Hi Randbcc1,

You have received all kinds of advice...some good, some just plain misleading. The bottom line is you have NOT shared enough information for anyone to give you an intelligent response. As you already seem to know, the higher your score, and the more you put down, the better.
American Bank offers free credit repair and rapid rescoring. I just got one client's credit score up 109 points in 48 hours. Pick a good lender and find out where you are, and set up a path to get to where you would LIKE to be!
0 votes
Hi, my name is lucy & i would like to get in touch with the back to get free credit repair & to rescoring me rapidly My e-mail address is Thank You
Flag Mon Jul 30, 2012
John Leonard, Agent, West Chester, PA
Tue Aug 23, 2011
Hi there.

Too many questions to answer concretely. Talk to a mortgage pro. they will need to know...

1. how bad is bad ? (and their credit score check will tell)
2. how long ago were the disaster events that created what you are calling "bad credit"
3. how much do you have saved.
4. how much do you owe, elsewhere
5. how much do you make
6, how much are you looking to borrow
7. purchase price of the house you are looking to buy (i.e. what percentage down)

Do not go shopping for "rate" as the interest rate is for this moment a silly question. talk to a seasoned mortgage professional, in person ideally, and get a real answer from them. if you are borderline, a really good mortgage person - and i can make recommendations, is all the differenc in the world.

John Leonard
Long & Foster
0 votes
Philip J. Cu…, Agent, Feasterville, PA
Tue Aug 23, 2011
Go to
Phil Cunningham
VIP Realty Corp
215-725-5700 X49
Web Reference:
0 votes
Keith J. Law…, Agent, Philadelphia, PA
Tue Aug 23, 2011
Hi Rand,

Depends on what your credit is. I have access to lenders who work with all types of scenarios. Feel free to give me a call at 267-688-1110.

Warm Regards,

Keith J. Lawson
RE/MAX Affiliates N.E.
9237 Frankford Ave.
Phila, PA 19114
267-688-1110 (cell)
215-992-5534 (office) (email) (web)
Member- N.A.R.,P.A.R.,G.P.A.R
Member - AREAA Philadelphia Metro
Follow me on Facebook at
Follow me on Twitter!/KEITHJLAWSON
0 votes
Timothy Garr…, Agent, Philadelphia, PA
Tue Aug 23, 2011
Hi, Randbcc1.

If you need some help, I have an excellent credit repair guy who will give you a free consultation to learn more about fixing your credit, timelines, etc.

That's your first step. If you need assistance, give me a shout.


Timothy Garrity | Realtor & Consultant
Licensed Real Estate Salesperson - #RS314897
215-829-8850 Office
267-879-2716 Mobile
0 votes
Gregorio Den…, , San Diego, CA
Tue Aug 23, 2011
Before you call any of these people asking you, would you mind sharing more information? How bad is bad?There are programs down to 500 as a baseline.
0 votes
Phil Green, , Philadelphia County, PA
Tue Aug 23, 2011

Please give me a call. My loan officer is ready to educate you on rebuilding or fixing your credit so that you are able to buy a home.

Phil Greeen
2158522041 c
0 votes
Alan Openshaw, Mortgage Broker Or Lender, Southampton, PA
Tue Aug 23, 2011
Hello Rand,

Plain and simple. You need to fix your credit. Call me if you need some guidance

Best Regards,
Alan Openshaw
Cornerstone Lending
267 992 7276
0 votes
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