How do I buy a house/condo with bad credit?

I want to buy my own house/condo i'm 23 and I am about 5 grand in debt....I pay for rent and other important expen..So I can save a little bit at a time. I tried to apply for a loan and they said I have little credit and alot of delinquent accounts. now it's kind of hard because I have no credit cards , but I do have deliquent accounts. How can I obtain in working to get a home? any suggestions?How do I buy a house/condo with bad credit?
Get a copy of your credit report and identify your delinquent accounts. Get current on them and pay everything on time for 12 months which will lead to you qualifying for an FHA loan. Each state has a special loan program that offers a lower than average rate and down payment assistance for lower to median income buyers ... you can have your ';American dream'; in a year. FYI paying things on time is much more important than saving for a down payment!How do I buy a house/condo with bad credit?
Don't lose hope if you're looking to buy a home. There are so many different ways to fund a home now, just about anyone with any kind of credit can get into a home, regardless of credit situation.



Of course, some will cost you more money in the long run, but a home it's still one of the best investments that you can make, so, in many cases, it's worth it, especially for the first year of ownership.



You should shop around, and ask different lenders what kind of programs they have, and if they can help. Try to find a lender that specializes in bad credit mortgages. You can find some bad credit mortgage lenders listed on this page on and off:



http://www.axalda.info/bad-credit-mortga