I would like to know wether I am eliglble for a no deposit home loan with credit default?

I would like to know wether I am eliglble for a no deposit home loan with credit default? If so I would like to know what the interest rates would be for the home loan. The property that I am looking to purchase is at around $150, 000 and I work full time. I would appreciate if someone can reccomend me a lender who deals with no deposit home loans for people who have credit defaults

Responses:

if you got bad credit rating, chances are your screwed, until the reporting time runs out. usually 5 years - 10 years, depending. WATCH CHARLES LUGGARD posted about 6 down from here. He sounds like a thieving mongrel. "yahoo" email NOT LEGITAMATE
If you have a bad credit history still the loan market place is full of lenders who are ever willing to offer you a fresh loan. But you should be meeting some conditions laid down by the lenders. Loans for bad credit people are in fact easier to get then they were ever before, thanks mainly to cut - throat compe ion amongst the lenders. Lenders are giving loans to the bad credit people who have late payments, payment defaults, arrears, county court judgments or any credit problems. These loans are available for any purpose like home improvements, purchasing a new or used car of your choice, for wedding and holiday tour, debt consolidation or for paying child?s tuition fees. Every lender in approving loans surely likes to see if the bad credit borrower has sufficient capacity to repay the loan in timely manner. If the borrower earns well, has regular bank balance, has been an employee for some years and has a convincing loan repayment plan in place, then the lenders do not usually hesitate much. So ensure that you have adequate repaying capacity before applying for a loan. Also, you should first check your credit report for any errors. If your credit score is too low then you would be charged a very high rate of interest. So it is advisable to first pay off some easy debts to improved credit score and then you should apply for loan at better rates. loan - house. blogspot.com /
Sorry Oscar, that boat has left the pier. do not you listen to the news? It's called sub=prime mortgage the type of loan you are looking for and everyone has had thier belly full of thoses. Even people with GOOD credit can not get a mortgage in many places of the US because there ain't no more money to lend. Ain't you heard? all the money people are tapped out, overextended, swamped, duped by more deadbeats then they care to admit to. Might want to get yourself a discarded large appliance cardboard box to tied you over about another 30 years until this sredit issue is resolved

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I would like to know wether I am eliglble for a no deposit home loan with credit default?

i would like to know wether i am eliglble for a no deposit home loan with credit default? if so i would like to know what the interest rates would be for the home loan. the property that i am looking to purchase is at around $150, 000 and i (home loan credit)

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