How do I find a guaranteed home loan for bad credit with no down payment and amount of loan not limited?
January 16, 2010 by admin
Filed under Bad Credit
I am trying to find a home loan that I can get that is guaranteed for terrible credit regardless of income, no money down payment and amount of home buy is not limited.. We started into this home with a land contract. We place all of our money into it and now they are promotion it right out from under us in just a few days. This has been tartan and is legal. Please give me an answer as soon as possible.
Loan shark?
No such thing, every loan has a limit.
I don’t know, but if you do find a loan like that, the interest rate will probably be insanely high.
You are dreaming hun. There are some loans you might look into, but they are not what you described…you can look into a first time home buyer loan if this is your first home and also a FHA (federal housing authority) loan. The FHAs are not too well loved because they require a lot of equipment be done to the home before they will approve the loan. It does not cost you anything to talk to a real estate agent and they can give you the best answers about home loans (its their business afterall) and where you can go to find out about them. Excellent luck. Angelee
You can find a home in the very poor areas of town where the crime is high, the schools are terrible, and the ambulance comes 3 hours after you call 911. Because the landlords are despirate to sell their properties occupied, they are willing to take a chance of you not paying.
Typically you have to have some fund of income to determine the amount of money you can borrow. Unknown is vacant to loan you $250,000 when you make only $6.15 an hour. Secondly unknown can guarantee you a loan when you cannot guarantee that you will pay it back. So how can you expect someone to promise to loan you money when you have broken the promise to pay the money back to someone else?
You should have had physically place on title, then they couldn’t sell it out from under you. There are no guarantees for terrible credit. You’re in the end looking at paying a whole lot of money every month, either from PMI on an FHA loan, or from a really high interest rate on a subprime loan, and that’s if you get one. Excellent luck either way.
Um…Did your contract specify land and household? If your contract specifies “land” and no household is mentioned, you’re the deed holders to the land and not the household.
Who is “they”? What exactly are they promotion out from under your feet? The land or the household or both?
I’ve never heard of a loan without limits. Unless you’re a vet, loans are generally not gauranteed.
Only in your dreams could this happen
Accept the fact that your terrible credit is your fault. Suck it up, be responsible and fix your terrible credit. That means paying all those bills that you racked up and don’t feel like paying any more. Then keep all your payments current for about 12 months and look for a loan. It will be a lot simpler with better terms. Excellent luck
Hi ,
Am a Mortgage Loan Officer and will be pleased enough to get the loan to you .Please contact me at 480.751.4125 or write to me at kishaloy_bhowmick@yahoo.com.
regards,
kish