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    akrystal1's Avatar
    akrystal1 Posts: 1, Reputation: 1
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    #1

    Feb 15, 2008, 03:14 PM
    How to get a mortgage with bad credit and being on ssiI
    My husband and myself would like to buy a home for our family and we both have not so good credit and we also are on ssi. We need help finding a mortgage company that would be willing to help us get a home loan... if anyone knows of any please help... :(
    George_1950's Avatar
    George_1950 Posts: 3,099, Reputation: 236
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    #2

    Feb 15, 2008, 09:34 PM
    Have you looked for homes that are owner financed?
    srculpepper's Avatar
    srculpepper Posts: 2, Reputation: 0
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    #3

    Mar 1, 2008, 03:55 PM
    Just the fact that you are on SSI is a non-issue... as long as it is verifiable it's just like having a paycheck. *** personal information edicted out
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #4

    Mar 1, 2008, 04:16 PM
    In general if you wanted to do this two years ago, you most likely would have had several loan offes, but most of the sub prime ( high risk) loan companies have went bankrupt and those left are not doing the high risk as they did before.

    If you can get one at all, you need to go to a mortgage broker that has doznes of companies they broker with and try. The higher down payment you have the easier it will be
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