Re: 0 down - Posted by Bill K. (AZ)
Posted by Bill K. (AZ) on June 12, 1999 at 13:32:06:
Yours is the million-dollar question. It’s not easy to answer because lending criteria differ so widely between lenders. I work with a mortgage broker who claims that he can fund “just about” anyone. (Don’t they all!)
Have you tried calling your local mortgage brokers? They deal with many lenders who have different criteria for funding loans. I believe that you’ll be limited in finding a lender who will give 100% with bad credit, but you might get lucky. It really depends on how bad your credit is. They usually require LOTS of points, you pay steep interest rates, and your bad credit has to be a couple of years behind you. If you can prove that you’ve become responsible with credit, AND if you can support the payments based on their guidelines, you might just find a lender.
Bill K. (AZ)