Mortgage w/bad credit? I saw a question about this w/positive answers, but me and

I saw a question about this w/positive answers, but me and my hubby have no luck. We both had bankruptcy (before we be together), but had good job, and our only collection accts. were medical bills or credit cards. We own great cred. with our secured debts, but his score be 565 and mine was 594. We tried for over a year to find someone to finance us even a home smaller quantity than 50k and had $5000 to pay down---no dice! Nowhere! Most companies wouldn't even donate us the time of day because we had file bankruptcy in previous years. If anyone know of a miracle company out there please tell me!

clarkhoward.com. He know it all. Especially subjects pertaining to MONEY$$$$ He is very frugal but have alot of clout. GOOD LUCK!!

try lendingtree.com or other "dot com" companies.

you have basically been trying the wrong places thats all
http://www.wesayes.com

You should try www.lendingtree.com. But, first - fix the credit !

Answer:
I dont know if you qualify or not but check out www.ameridream.org. They present down payment assistance to low and moderate income families. Even if they cannot facilitate you with the down payment present, they would be an extremely credible source to help direct you on how to make your dream a reality. They should know who the higher risk lenders would be. Good luck. Just net sure you don't get into more credit trouble by sticking to a realistic price budget and factor within costs for maintenance, tools, supplies, etc. because they sure add up.

Your situation sounds freshly like my husband and me. We went through a mortgage broker contained by Hot Springs Arkansas called DFS Mortgage and Finance. He found a lender for us - Citifinancial. We didn't get a great interest rate, but after 2 years of making payments on the dot, we were able to refinance near Citifinancial and get a better rate.
My advice to you is to find a smaller mortgage broker and permit them help you. You'll have to clear them, too, but it's well worth it to own a home!
Good luck!!

I don't know of any specific mortgage companies that would give you credit, but most will give you a mortgage if you own had the bankruptcy for a few years and enjoy established good credit since then. I would phone up around and see if you can find a mortgage broker who will search the rates and lenders for you. They do cost more in origination fees and you will rate higher interest rates than most, but if this something that you want to do, then you should. If you want to try to stir on line and see if you can qualify for a loan, then progress to www.eloan.com, or www.lendingtree.com. You might be able to get something of an notion from them. Another thing that you can do is lease with an way out to buy or owner finance. Check all those out...

While it is possible you may find a mortgage somewhere your interest rate and fees will potential be horrific, perhaps even negating many of the benefits of home ownership.

My suggestion is that you verbs to pay down debt that you have, find collections removed from your credit, and do some research about how to improve your credit ranking. You may even have to wait until seven years after your liquidation before you can buy a home.

Lenders have plenty of business from relations with good credit, and few want to go and get involved with people resembling you (no offense). You had good job, but still ruined your credit, you had bankruptcy nonetheless still have outstanding collections on your credit. Companies see this as a pattern of credit mismanagement and so don't want to purloin a risk with you.

If you educate yourself on the ways to add to a credit score (there are some great articles out there) and make positive steps to making these adjustment, along with saving up a 20% deposit, you will be in good health on your way. It make cart a few years, but you can get there eventually.