Can you get a bad credit mortgage loan anymore?

Have a credit score of around 620-640. Past wage garnishment (a year ago) but paid off early. Past car repossession (reason for the garnishment.) Other small things charged-off. Only looking for a mortgage loan of $25K or less with $10K for down payment. With todays economy, is there any chance of finding a mortgage company? What kind of rates would I be looking at?Can you get a bad credit mortgage loan anymore?
won't says it's impossible - only a lender who can look at your actual data could say that - when people over 700 can't always get loans, I'd say the chances aren't great.





You have nothing to lose by checking into it though. Just go talk to a couple of lenders and find out. Having a down payment would be a huge help to you.





This site may help you to compare many lender at once


http://easymortgageadvisor.blogspot.com/


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Hope this help,Can you get a bad credit mortgage loan anymore?
Your credit isn't actually ';bad';! Most FHA loans require a 620 midscore or above. The repo and garnishment are issues, but hopefully can be explained.





There still are many companies that have loans for people with rough credit....some are the ';hard money'; and others that are just a little more flexible. Of course, with these come a higher interest rate.





I would say that your situation is definitely possible - if nothing else you can try a private investor.





Good Luck!


Feel free to ask if you need any help!
All mortgage loans are not created equal. If you are looking for a loan, you have probably discovered the array of loan types and options. It can be confusing forthe first-time borrower and even for those with more experience! Here, we will discuss the different types of loan options, and how they work.
creditreport.imess.net - try this service to boost you credit score before getting loan. After credit repair you can get the loan with minimal interest rate.
An FHA lender should be able to help you.