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    redspet13's Avatar
    redspet13 Posts: 1, Reputation: 1
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    #1

    Dec 28, 2006, 05:43 PM
    Buying a house
    Is there a way to buy a house & land with bad credit & no money down? My husband & I haved lived in Iowa for four years. Now our landlords say we have to move so they can build a house here for there daughters. My husband works hard but we have a lot of bills two kids & a lot of animals so I do not know were to turn. Please help.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Dec 28, 2006, 05:48 PM
    Is there a way, well paying high interest rates and the such, maybe,

    Finding owner financing maybe,

    All you can do is try and work wth a good mortgage broker
    KMSRyana's Avatar
    KMSRyana Posts: 142, Reputation: 26
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    #3

    Dec 29, 2006, 01:45 PM
    Did you or your husband ever serve in the US Armed Forces? If so, you are garunteed a loan through the VA. If not you can still qualify, but you will pay higher rates. It will be more difficult for you with little or no money down in a rural area, as most lenders consider rural property higher risk and much more difficult to sell if they foreclose. I would suggest you try to get pre-qualified so you know what you're working with.

    Good luck !
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