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jeffri20 mark Cadeby, YOR

February 10, 2022

Is it really possible to buy real estate with no money down and a bad credit rating?

Comments

peter h. Avalon, CA

Feb 11 2022, 02:51 PM

yes

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kathleen m. Kansas City, KS

Feb 12 2022, 04:43 PM

I just want to make sure you know that what you are describing is mortgage fraud


kathleen m. Kansas City, KS

Feb 12 2022, 04:44 PM

I have never seen this done.  You will usually have to have 2 out of 3 things: income, credit, assets.  If you don't have at least 2 of those things, a lender will not finance a loan for you.  

gage e. Des Moines, IA

Feb 18 2022, 03:25 PM

It is possible to buy real estate with bad credit, you will pay more in origination points and have a higher interest rate. I've not seen a purchase with no money down.