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Wed 19 Oct, 2011 04:20 pm
i was wondering if its possible to buy a house with bad credit and little or no down payment iam employed
@christal naytowhow,
5 years ago, easy. Today? not likely.
@Green Witch,
Not likely is right. You need 20 to 30 percent down and have good credit if you expect to buy a house nowadays.
@christal naytowhow,
Not at all>>>have u been under a rock since 2006.. Right now. unless you have 15000 in the bank. forget it.. it sux but thats the price the average american pays for the biggest ponzie scheme ever. Not to mention the price to bail out AIG
@christal naytowhow,
Like others said it is unlikely - although jcboy is exeraggating a bit. It can't hurt though to reach out to a couple of banks/mortgage companies and just see what their requirements are.
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