I would like to buy a house, but...

I didn't have bad credit, but I didn't have credit in general. I had never had a credit card and wasn't make enough money to get one of my own. So I got one with my mom. She was the main account holder and I used that to build my credit. Made sure to pay everything off in time or early and often in full. I started small too. You're likely to not get a house with bad credit. You'll have to just work on getting better credit... I know it sucks, but I can't think of another way.

I have never really bought anything with bad credit as it seems to be impossible. I mean anything like getting a loan. I don't have bad credit as I paid it all off, but I also don't make enough. I just wanted to say that while I don't have knowledge to back this up I have always been told that buying anything with bad credit is still not a good idea whether you can or can't do it. I think that it would be higher payments for you because of your credit and that the best thing to do is to try to get yourselves back on the way of good credit before making any kind of decision like this. That being said another option for you is to look into rent to own properties. You may be able to fidn a nice house that you would both like and that you can rent to own on. Good Luck in whatever you decide.

everybody pretty much has given you good advice about not getting into buying a house with bad credit, especially not in today's market. so many people are going into forclosure. i like the rent to own idea for people with bad credit. that way you can rent, while you build on your credit issues. me and mine are thinking about getting into a rent to own situation with our landlord.

We did not have bad credit we just didn't have much credit which is just as bad. Our first mortgage didn't have a great percentage but after about 3 years of paying on time rebuilding our credit we refinanced at a much lower percentage rate. My brother in law did get a house with horrible credit. They needed to have 25% to put down. They had inherited money and did so. They could not make the payments though and lost the house.

Are you in USA? If yes don't go for loans. You still have 14 more years to see the doom of the housing market. This will give you the opportunity to use your bank money instead of loan to buy the house. But yeah, there are some brokers who are willing to help potential customers buy a house with bad credit. Just use the site called Trulia to look for them. Good luck!

Buying a house with bad credit is very difficult. However if you have been a good renter and always paid on time, your landlord might be willing to give you a letter of reference. Then you could look for a house were the owner carries the contract and you are paying so much per month, with a set interest rate and that all goes to buying the house. The other thing to do and this just takes time, is to work really hard at cleaning up your credit and then buy a house. Sometimes it is worth it to talk to a debt counselor. Good luck

I don't think it is a good idea to buy a house while you're still facing bad credit issue. I always avoid to buy things thru credit since I do not want collectors calling or coming at my doorsteps.Me and my partner bought and build our house from our savings without a credit. Maybe the best thing you should do is settle all your credits first before planning to buy a house.