You want to buy a house but you don’t think you could get a mortgage.
Bad credit? Not much a down payment?
Don’t forget FHA mortgages, one broker pointed out to me recently.
FHA loans can still be had with as little as a 3 percent down payment. And FHA itself doesn’t impose a minimum credit score requirement (although some lenders do). So those who would not qualify for a bank loan may be able to do it this way.
My point: Don’t assume you won’t get financing. It’s tough these days, but not impossible.
And,
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