Equity Home Loans

housing loans for disable low income with bad credit?

I'm trying to find a housing loan. I am on social security disabilty and I have bad credit. MSHDA has already turmed me down because of my credit.

Public Comments

1. Bad credit can make it difficult to obtain a loan - You may need to fix your credit first and then re-apply. This is a long process - it could take you 12months or more. Start saving money into a savings account, whatever you think you can afford - this will help you work out how much you could borrow, and in turn what house you may be able to afford. There is a lot more to it, money for repairs etc. So even after you buy a house there is more money needed, on an ongoing basis to keep it up. Good luck
2. I suggest you to increase your credit score to above 700