What % down for a house with bad credit?

I have bad credit (499) and i would like to buy a house. I was wondering how much down would i have to put to get approved. Is it even possible to get a house with a credit score that low?What % down for a house with bad credit?
It's possible that you could get a loan but highly unlikely unless the house is so low in price vs value then you might have a chance. I do know for a FACT that most are requiring around 680 for a 20% down 80% loan LTV...meaning if you buy a $100,000 house you would need $20,000 for a deposit and you would get $80,000 as a loan.

I have heard of some banks selling houses which are really bad...need a total interior redo drywall/electric/floors etc) for under $10,000 which sold a year or more ago for $75,000...the catch is a LOT OF WORK or about $20,000 to have someone redo it for you.



Your best bet is to call a Mortgage Loan officer and ask them what is possible for you.What % down for a house with bad credit?
100% will let you buy the house. Other than that, you might try a rent/option that leads to a seller-financed mortgage if you can pay 20% down by closing, including the agreed monthly option amount.



Your best plan is to work on raising your credit score significantly. I don't think even a distressed seller would be likely to sell to you with your present credit history.
Very possible. 100% down.
Not even through FHA, lets face the absolute facts here, and not meaning to come across as mean. You are in no way responsible enough nor financially secure enough to purchase a home right now, along with the responsibilities and costs that go hand in hand with ownership. Pay your bills and clean up your credit first then and only then think about purchasing a home.
credit-report-score.10001mb.com - try this service to boost you credit score before getting loan. After credit repair you can get the loan with minimal interest rate.