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    cassiealdrich's Avatar
    cassiealdrich Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Oct 3, 2009, 12:45 PM
    Bad credit need home loan with zero down
    I am a 27 year old married, first home buyer with BAD credit and no money for a down payment or closing cost. I live in Texas is there a company out there that will approve me for a home loan with low fixed interest rates? We have not even started trying to fix our credit.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Oct 3, 2009, 12:53 PM

    You would be lucky to find ANY lender willing to take a chance on you. Forget about low rates.

    Your only chance of getting a mortgage is if you can show way more income then the mortgage payments.

    What you might try pursuing is a contract for sale.
    stevetcg's Avatar
    stevetcg Posts: 3,693, Reputation: 353
    Ultra Member
    		  
    #3

    Oct 5, 2009, 07:34 AM

    Do you qualify for a VA loan? That is about the only way you are going to even have a shot at it...
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