13 Responses to “how do you get a mortgage with bad credit an a small amount for a deposit?”

1. curmudgeon on November 11th, 2009 3:23 am

   have you noticed that for the last year there have been 1,000′s of news stories about the mortgage crisis? you cannot get a mortgage.References :

2. elephantstew on November 11th, 2009 3:47 am

   THE MAFIAReferences :

3. magy on November 11th, 2009 4:03 am

   Wait a few years to purchase a house, fix your credit.

   Getting even 1-2% smaller interest rate will save you TENS of thousands of $s in the long haul.References :

4. foxymoron on November 11th, 2009 4:37 am

   i am in the mortgage industry… and there is NO subprime market left…. its A paper…. your only hope is fanny mae, FHA, jenny mae or freddy macReferences :

5. Gerhard R on November 11th, 2009 5:20 am

   Hi,
   Get in Contact with CTAB near Spalding /Lincs

   The person you want to speak to is Leslie

   Good Luck

   GerryReferences :

6. Gee L on November 11th, 2009 5:32 am

   hmm have you tried Nhbs, inc?

   I got assistance from them ^__^References : http://www.newhorizon.org

7. www.owningdogs.com on November 11th, 2009 5:47 am

   There is a myth out there that goes something like "It’s always best to own your own home"- well for all the people out there right now getting foreclosed on because they had bad credit and little to no deposit and couldn’t qualify for a standard 30-year fixed conventional loan – they would tell you it wasn’t the best thing that happened to them.

   You can try FHA if you are a first time home buyer – other than that – get your bills caught up, then paid off. Save up 20% down payment and then go into the mortgage broker. The sub-prime (low credit score) loan market is all but dead right now.References :

8. right on on November 11th, 2009 6:37 am

   We did it. What you need is to show at least six months of bank statements showing good deposits. If you go through a money broker check out one that is focused on getting you the money. Tell us if you are in the USA. You may need to correct your credit and you can do this by putting in a request the credit reporters to
   contest bad credit. If someone put in a bad report you need to fix it by contesting it. In 30 days it is gone.
   Put all your money in the bank from your pay and then take it out
   You need to inflate the account statements.References :

9. marxistharpist on November 11th, 2009 6:55 am

   It sounds like you would benefit from a FHA loan, they will go as low as 500 mid credit score and you will only need about 2.25 percent equity or cash down to do the loan. It wouldn’t hurt to look at something like that.References : Mortgage questions?
   Email me at scornwell763@yahoo.com

10. Carolinahomerates.com on November 11th, 2009 7:39 am

    yes but your score needs to be a 620….with mycommunity
    it’s zero down

    with fha you will need a 2.25% down payment.

    i would try to get the seller to pay your closing costs as wellReferences : http://carolinahomerates.com

11. Frank Castle on November 11th, 2009 8:11 am

    If you have a well paid full time job then buy your house with CASH.References :

12. mia170107 on November 11th, 2009 8:52 am

    hi there are many mortgage lenders all with different criteria, so it is very possible you could get a mortgage. I work for an independant mortgage broker so if you would like some more info please email me on quotes@mukconnections.co.uk

    and we can go from thereReferences :

13. Business boy on November 11th, 2009 9:12 am

    You gotta build your credit up, small deposit is no problem, but you need creditReferences :

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