You Can Still Buy A House
You can still buy a house with bad credit if you can come up with an acceptable down payment or qualify for one of the many fannie mae’s, freddie mac or government programs.
With Fair Credit You
With fair credit you can get involved with government programs that subsidize qualified individuals. Ask your broker about ncra’s that may be available in your county.
If You Are A First Time
If you are a first time home buyer you can still qualify for a loan with fair credit. There are several government programs available that do not rely solely on your credit score. If possible take steps to improve your credit by disputing credit report errors and paying down your credit balances.
This Is Somewhat Of A
This is somewhat of a good news – bad news situation. The good news is that the government is pressuring credit card lenders to have their customers pay off their balances quicker. The bad news is this could cause a considerable cash flow hardship for many American households.
