RADICALFIRE.COM
Buying a home is integral to the “American Dream,” but it is increasingly out of reach for many hard-working adults.
Despite their pessimism, a competitive market doesn’t mean it’s impossible to own a home – even if you have bad credit. Here's a step-by-step guide in buying a house with low credit.
The last thing you want is your credit score to be misreported. Go to annualcreditreport.com – you can get a copy of your credit report for free every year.
Unless you’re in a rush to buy a home immediately, take some time to improve your credit score as much as you can.
The best person to go to is a Department of Housing and Urban Development (HUD)-approved housing counselor.
If you can get into a course locally, it should be free. You can also do it online at your own pace.
As mentioned earlier, Federal Housing Administration (FHA) loans are the best option for someone with poor credit.