If I have bad credit can I still get a loan for a house

Everyone's definition of "bad credit" is different... There are lenders who will lend down to 500, but the guidelines are so tough most don't qualify.. if your score is below 580, then FHA requires 10% down. If your over 580, then 3.5%. if your score is over 640, then you will have endless possibilities.. but keep in mind that it takes more than a credit score to obtain financing... income, type of income, job and work history, past credit history, etc.. all have a part in the lenders decision.. if you want to know for sure, then you should contact a LOCAL mortgage broker and apply with them. Do not use the local "Big" bank, or one of those 50 states internet lenders or nationwide lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

It really depends on how bad is it. If below 580, the the only option is usually hard money.

I need more information. how bad is bad? can we fix the credit easily ? do have a copy of credit report ?feel free to call me 516.728.5212

Contact one of the members of this forum for a credit review.

With 560+ score and 10% we offer FHA purchase deals BUT if your credit score is that low NORMALLY there are judgements / Collections / current 30+ on creditors SO I would recomend paying everyone up to date and managing your credit before getting involved in another debt.

Probably not

Yes, absolutely. If you're at least 62, I don't care about your credit.