Does anyone know of a LEGIT mortgage program for bad credit with little down payment…?
Your best bet is to contact a mortgage BROKER in your area (not a bank, or lender, but an actual broker). They have special programs for bad credit borrowers. Depending on the area you are in, some will lend up to 100% even with credit scores below 580. If you can’t get anywhere with a mortgage broker, your next best bet is probably to look for a “rent-to-own”, “lease option”, or “land contract” deal, where you are paying “rent” but part of it is going towards your down payment, and in 1 or 2 years you can get financed. Just make sure you keep all your cancelled checks (every one of them!!) and you should have no problems getting a mortgage in a year or two.
