With FHA loans, these require a down payment as minimum as 3.
More here:
Terrible Credit Mortgages – Fix Your Terrible Credit First
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Tags: also-obtainable, down-payment, FHA, FHA Loans, loan-right, market-rates, qualify-or-take, safety net
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Getting a mortgage with bad credit will take more work, but it isn't impossible. Below are some tips on how to get a mortgage when your credit score isn't ideal. These insider tips originate from my personal observations from working as a ... This is a win-win situation for both the seller and buyer because the seller will carry the loan for a short period of time, reducing the risk of loaning money to a bad credit risk and the buyer will have extra time to repair credit ...