Where can I find a mortgage if I have bad credit?

I don't have very good credit but I want to be a first time homeowner. What are my best options?Where can I find a mortgage if I have bad credit?
If you have bad credit, I doubt that they will give you a mortgage loan now that the economy is so bad.Where can I find a mortgage if I have bad credit?
WAIT.


BUILD your credit.


SAVE for down payment.


No one OWES you a home except yourself, and if you're unwilling to make it happen, why should the government or lenders?


6-15 months of paying all your bills in full and on time, paying down credit cards balances, paying 3-5 times credit card minimums, decreasing credit spending, decreasing debt, will have a FAVORABLE impact on your credit rating.


You need 3-5% down payment to buy home. The Nehemiah grants are gone, and 0% down loans are thankfully gone.


Take some personal finance classes at local community college.


You CAN do this if you want it and persevere! Best of luck!
Basically your ONLY option is to get your credit score up to a good score, and save up for a down payment if you haven't already done that.





For several years many lenders gave mortgages to people who didn't qualify and couldn't afford them. Eventually they couldn't make the payments any more - that's a lot of what started this whole wreck of the economy we have now.
You can use credit repair agency to fix your credit, for example this site - credit-report-free.totalh.com


credit-report-free.totalh.com


They can clean lots of bad stuff from your credit report - and do it much faster than yourself, so your credit will go up fast.


After credit repair you can get the mortgage with minimal interest rate.



Build up your credit score to at least 700. Save at least 20% down payment plus closing costs. Have a track record on your job of at least 3 years.
Right now there are not many options.