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Factors that can Help you Buy a House with Bad Credit Making a large downpayment. saving up for a larger down payment can increase your chances of buying a house if you have bad credit. A large downpayment reduces the loan-to-value ratio making the loan less of a risk to the mortgage lender. You just need a 3.5% downpayment for an FHA loan.
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The regularity of the job helped him pay off his student loans and break free of credit-card debt. Not only that, it allowed.
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“They scrounge up every penny they can scrounge up, pay it to them, thinking they are buying a house only to discover that. “My general thought is that they’re usually a bad deal,” said Corinna.
Finding home loans for bad credit isn’t for the faint of heart, but there’s good news if you’re wondering how to buy a house with bad credit. You can! finding home loans for Bad Credit (Yes, You.
Becky shows you one way poor people can buy a house with no money down and bad credit. She knows this method works because she did it twice.. How to Buy A House with No Money and Bad Credit.