Mortgage Lenders With Bad Credit

Jonathan Said:

Is it impossible to find a mortgage with severely bad credit?

We Answered:

There are very few "bad credit" lenders anymore. Expect that IF (a big IF) you can find one, you will need 20% down and will pay a relatively high interest rate (probably in the 7.5% to 8% range). even FHA requires two years of clean credit before they will guarantee a loan.

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