Bad Credit Home Loan?

My husband and I want to buy a house. We already have 2 houses, they are both being leased to own and we can prove it. My husband has had the same job for 25 years and has a decent income. We will only be using his credit. We have a trust account with 2 times as much money in it as the amount we want to borrow. We do not want to pay cash, we want to get a loan. The hitch is that we have bad credit at the moment. We just paid off all of our debt, all we have are the 2 houses but over the last 2 years our credit has suffered due to a bad financial situation. Does anyone know if there is any chance of people with our scenario getting a home loan? Any info will be appreciated!

Responses:

do not lose hope if you're looking to buy a home. There are so many different ways to fund a home now, just about anyone with any kind of credit can get into a home, regardless of credit situation. Of course, some will cost you more money in the long run, but a home it's still one of the best investments that you can make, so, in many cases, it's worth it, especially for the first year of ownership. You should shop around, and ask different lenders what kind of programs they have, and if they can help. Try to find a lender that specializes in bad credit mortgages. You can find some bad credit mortgage lenders listed on this page on and off: axalda.info / bad - credit - mortgage.html
Indychristine - banks have and are continuing to tighten their standards. the reason is that the federal government is now monitoring the mortgage process and the loans. the federal gove is going after those who caused the sub - prime crisis and do not want any further problems with the economy. i find it hard to believe that you have trust accounts, employment 25 years, 2 homes plus the one you live in and you are still stating bad credit. maybe big maybe the bank or mortgage company may work with you with a min of 20% down. but if you have these ets and are claiming bad credit. i really think there is something wrong here. good luck :
there are plenty of places that will do the loan i just refinanced at directlendingplanet.com they had the lowest rate of three i had in hand one of was my bank. they are a direct lenders and where the cheapest
You may get your doubts very well clarified from moneytips. bestmoneymatters.info. Best wishes!
Get valuable tips on bad credit from moneymentor. cashmatter.info. It's a very useful website
There are hundreds if not thousands of websites on the internet enumerating the ways to apply and receive home loan when you are plagued with bad credit issues. These sites help consumers with bad credit scores to increase the viability of their existing credit scores and set up loans regardless of their credit history. Companies that specialize in bad credit home loans; usually offer a wide range of options for consumers with bad credit<! - These options include Bad Credit Home Loans, Home Equity and Line of Credit HELOC Loans and different options for Mortgage Refinancing, making it possible for those with bad credit to realize the dream of owning their own home. You can find more information on Home Loans here, badcredits. awardspace.com / homeloans.htm They also offer a debt consolidation offer which helps the home owner organize a comprehensive program for controlling their spending. Many consumers with bad credit are grateful for the opportunity to receive a second chance, sort to speak - >Bad credit hasn't stopped them from purchasing a home. There are several programs available for people with bad credit that helps to restore their credit status and to live debt free lives
Below Site is Home of the Loan for every need. Learn about Personal Loan, Student Loan, Auto Loan, Business Loan, Home Loan, Bad Credit Loans or Loan Consolidation. Search for the lowest loan rates; compare lenders, Shop for loans. Loans made fast and simple. do not worry about Bad Credit and No Co - signer needed. No Upfront. lnk. in / 56f2

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