Question : How do I find a guaranteed home loan for bad credit with no down payment and amount of loan not limited?
I am trying to find a home loan that I can get that is guaranteed for bad credit regardless of income, no money down payment and amount of home purchase is not limited.. We started into this home with a land contract. We put all of our money into it and now they are selling it right out from under us in just a few days. This has been checked and is legal. Please give me an answer as soon as possible.
- asked by nikki
All Answers:
Answer #1
Loan shark?
- answered by kja63
Answer #2
No such thing, every loan has a limit.
- answered by SuperAndy dot com
Answer #3
I don't know, but if you do find a loan like that,the interest rate will probably be insanely high.
- answered by bewitching_green_fairy
Answer #4
You are dreaming hun. There are some loans youmight look into, but they are not what youdescribed...you can look into a first time homebuyer loan if this is your first home and also aFHA (federal housing authority) loan. The FHAsare not too popular because they require a lot ofthings be done to the home before they willapprove the loan. It does not cost you anythingto talk to a real estate agent and they can giveyou the best answers about home loans (its theirbusiness afterall) and where you can go to findout about them. Good luck. Angelee
- answered by angeleebhere
Answer #5
You can find a home in the very poor areas of townwhere the crime is high, the schools are bad, andthe ambulance comes 3 hours after you call 911.Because the landlords are despirate to sell theirproperties occupied, they are willing to take achance of you not paying.Typically you have tohave some source of income to determine the amountof money you can borrow. Nobody is going to loanyou $250,000 when you make only $6.15 an hour.Secondly nobody can guarantee you a loan when youcannot guarantee that you will pay it back. So howcan you expect someone to promise to loan youmoney when you have broken the promise to pay themoney back to someone else?
- answered by Joe K
Answer #6
You should have had yourself put on title, thenthey couldn't sell it out from under you. Thereare no guarantees for bad credit. You'rebasically looking at paying a whole lot of moneyevery month, either from PMI on an FHA loan, orfrom a really high interest rate on a subprimeloan, and that's if you get one. Good luck eitherway.
- answered by togashiyokuni2001
Answer #7
Um...Did your contract specify land and house? Ifyour contract specifies "land" and no house ismentioned, you're the deed holders to the land andnot the house. Who is "they"? What exactly arethey selling out from under your feet? The land orthe house or both?I've never heard of a loanwithout limits. Unless you're a vet, loans aregenerally not gauranteed.
- answered by Grace777
Answer #8
Only in your dreams could this happen
- answered by AJ
Answer #9
Accept the fact that your bad credit is yourfault. Suck it up, be responsible and fix yourbad credit. That means paying all those billsthat you racked up and don't feel like paying anymore. Then keep all your payments current forabout 12 months and look for a loan. It will be alot easier with better terms. Good luck
- answered by pontooner
Answer #10
Hi , Am a Mortgage Loan Officer and will behappy enough to get the loan to you .Pleasecontact me at 480.751.4125 or write to me atkishaloy_bhowmick@yahoo.com.regards,kish
- answered by kishaloy b
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