Here’s how to buy a house with bad credit

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Here’s how to buy a house with bad credit

When you’re interested in buying a home but your credit isn’t that great you may be worried about having to put down a large payment or getting declined for a loan altogether. While bad credit can impact the interest rate you’ll pay on a mortgage it doesn’t have to be an obstacle to buy a home. You can still find house loans with bad credit, you may just have to put in a little extra work – and money.

Even if you have faced bankruptcy or foreclosure recently you still have a great shot at getting a mortgage without paying excessively high rates or need thousands of dollars to put down. That’s thanks to government-created mortgage programs that are trying to get the housing market back on track by helping Americans buy homes with poor credit.