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It depends on how horrible your credit really is. Call a loan officer and have them run your credit and tell you exactly what you need to do in order to qualify. Being a former loan officer myself, sometimes a persons credit isn't as bad as they might think. Also, if it's a lot of medical bills, lenders will put those to the way side. You might still be able to qualify for an FHA loan (which is goverment insured) depending on what your credit report reflects. However; if you've been late or in default on any student loans (which are govt. loans too)you'll definately have to clean that up first. Good luck to you Syndy! |
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By the way, you might find that if you used your $5000 to pay off a few of your bad debts, you might be able to get that loan after all! Sometimes a lender will say, we'll lend to you if you pay this, that and the other thing. You may consider doing that, saving again and end up better in the long run down the road. Hope this helps...just a suggestion. |
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