Get Bad Credit Mortgage Loan Quotes
There are many lenders that specialize in what is often referred to as a bad credit home purchase loan. Some lenders willing to offer you a loan, even if your monthly mortgage payment surpasses the 30% of your income that is typically recommended.
Your first step should be to run the numbers to find out what type of mortgage rates you may be eligible for and how much it would cost you to buy now.
The second step is to try to increase your credit score. In most situations it is possible to gain 30-40 points and achieve up to a 3% interest rate reduction.