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    the 550-650 range you should be able to get a loan with a down payment. If you are in the 650 range you should be able to get 100% financing. Just bear in mind that things have severely changed in the last 6 months.
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    This news flash just in: NOT EVERYONE HAS A GOOD CREDIT RATING. Fair Isaac and Company otherwise known as FICO puts together a credit rating on just about anyone old enough to spend money. While the exact formula for the rating remains secret, the things you can do to get a home mortgage with a bad FICO score are not secret.

    If you are in the sub prime category online lenders can save you a lot of time. Even with the recent "scandal" of sub prime lenders, there will always be a sub prime market. Here are some steps you can take to become a homeowner with bad credit.

    KNOW WHERE YOU STAND It is this simple: the higher your FICO score the better the deals will be. Get a copy of your report, fix any errors and take steps to improve your score. If you are below 500 you are going to have a hard time getting a loan. If you are in the 550-650 range you should be able to get a loan with a down payment. If you are in the 650 range you should be able to get 100% financing. Just bear in mind that things have severely changed in the last 6 months.<

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    mula for the rating remains secret, the things you can do to get a home mortgage with a bad FICO score are not secret.

    If you are in the sub prime category online lenders can save you a lot of time. Even with the recent "scandal" of sub prime lenders, there will always be a sub prime market. Here are some steps you can take to become a homeowner with bad credit.

    KNOW WHERE YOU STAND It is this simple: the higher your FICO score the better the deals will be. Get a copy of your report, fix any errors and take steps to improve your score. If you are below 500 you are going to have a hard time getting a loan. If you are in the 550-650 range you should be able to get a loan with a down payment. If you are in the 650 range you should be able to get 100% financing. Just bear in mind that things have severely changed in the last 6 months.

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    he recent "scandal" of sub prime lenders, there will always be a sub prime market. Here are some steps you can take to become a homeowner with bad credit.

    KNOW WHERE YOU STAND It is this simple: the higher your FICO score the better the deals will be. Get a copy of your report, fix any errors and take steps to improve your score. If you are below 500 you are going to have a hard time getting a loan. If you are in the 550-650 range you should be able to get a loan with a down payment. If you are in the 650 range you should be able to get 100% financing. Just bear in mind that things have severely changed in the last 6 months.

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    gher your FICO score the better the deals will be. Get a copy of your report, fix any errors and take steps to improve your score. If you are below 500 you are going to have a hard time getting a loan. If you are in the 550-650 range you should be able to get a loan with a down payment. If you are in the 650 range you should be able to get 100% financing. Just bear in mind that things have severely changed in the last 6 months.
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    the 550-650 range you should be able to get a loan with a down payment. If you are in the 650 range you should be able to get 100% financing. Just bear in mind that things have severely changed in the last 6 months.

    START SHOPPING Online lenders can save you lots of time and frustration. Look for sub prime lenders-lenders that specialize in loans for borrowers with bad credit. Apply with several of them, but thru a service like "Guide to Lenders" that way your credit report will only be pulled once.

    SAVE FOR A DOWN PAYMENT As we have shown if you don't have a great credit rating cash will help you big time. The more your financial commitment to the deal the better your chances of getting favorable rates and terms.

    DON'T GIVE UP Someone out there has a loan with your name on it-you just have to find it. Don't take no for an answer.

    NOTHING LASTS FOREVER If you find a loan with rates and terms not to your liking you may want to take it and refinance in a few years when your score has improved.

    Use th

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