Is it possible to find a private mortgage loan with poor credit?
Currently renting and the home owner is putting the house up for a short sale at 60% less then the original value of the home. But our credit is terrible. However we have a solid income.
In today’s environment you’ll likely have to put up more than 20%. If you can afford to put 30% down, you’ll certainly have a shot. Alternatively, you may be able to have a family member cosign or form a partnership to share ownership.