Best mortgage company for not so perfect credit?

I am looking to buy a house that is $185,000.  From the sale of my current home, I will make $165,000 and will use all of that as a down payment.  Obviously, I am 20k short.  I don't have the best credit (low FICO score) so I am looking for a mortgage company that will loan me what I am short with bad credit.  Anyone know of any?

Thanks

• Best mortgage company for not so perfect credit? - DAS
  • $20,000 is less than most cars cost - Rad MT
  • You could also try FHA - Jo
  • Should be no problem sm - mammamt
  • Talk to a local bank or credit union. - Hayseed
    • Hayseed you crack me up!!! - mammamt

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a family member needs to get a mortgage for a home they are currently "buying" from a friend on contract.  I say "buying" in a very loose term, because I am not sure that they even have a written agreement, sometimes it sounds like they are just "renting".  Anyway, credit is a problem for them.. bankruptcy 7+ years ago, collection accounts they are currently paying on, etc. and probably some current finance company bills and "of course" the "new-used SUV" they got about 8 months ago.  You all know what I'm saying here, this is not a "one time credit problem".... Supposedly, they tried one mortgage company but, according to the wife, after about 3 months they got mortgage approval but PMI insurer turned them down.  They actually have a good deal on the home, appraised at approx 90,000 and they are buying it for approx $78,000, so there is some equity.  Of course, they have actually no $$$ to really put down.  The situation is that they have been living there a few years and the seller "a friend of theirs" needs the cash by October, so that he can purchase a property he is currently buying on contract from his sister, who needs the money now, etc. and on and on it goes.  Anyway, if they cannot come up with a mortgage, they are out, have to move and of course, they will be trying to hit us up for cash or, heaven forbid, a place to live!!!   I need any suggestions anyone has or any names of mortgage companies that deal with this particular situation. The wife called us and asked us to co-sign, but that's out of the question.  Appreciate any advice

Especially when I never use it anyway, and really never wanted it?

With all the bank rearranging going on in the past few months, one of my accounts was tranferred to Bank of America. I was sent new cards and a new agreement, new interest rate etc...

So I called them up and cancelled but before they did, I had to listen to a spiel about how this would negatively affect my credit report.

Huh?? Why is that?

Is the only way to get my name off a mortgage is to have my ex either refinance or sell the place?

Thanks

What is your idea of a perfect world - it can be anything from the craziest of crazy ideas to very simple ones.  Here's my ideas:

1.  No more pharmaceutical commercials.  Let our doctors tell us what meds we need, not us tell our doctors we think they should give us.

2.  Pharmaceutical companies would not "rule the doctors" (okay sort of part #1, but a little different).

3.  No more "stup!d" commercials that demoralize our intelligence like the pepto bismol commercial, free credit report, and about 95% of the other commercials. 

4.  Every child would be considered a gift from the gods (whatever one you believe in), and their lives would be treated as precious as they are and there would be no killing or abuse of young children.  If parents cannot handle having children they would bring them to the nearest safe place and say I can't handle this anymore, please let someone else take care of them (instead of killing and burying them out where no one can find them).  Then couples who can't have children would have a chance. 

5.  The government would tell us the truth about why they are spraying chemicals (chem trails) into the atmosphere and poisoning all of us.

6.  The goverment would tell us what's up with the UFOs instead of keeping it a secret.  I think we are all adults and can handle the truth.

7.  Hollywood actors & actresses would quit announcing to everyone all the lavish money they are spending on themsleves (mansions, $12,000 coffee table, etc) and instead we would hear that Brad & Angelina spent that $12,000 to help the hungry and needy.

8.  They would turn all the abandoned buildings into housing for the homeless.

9.  People wouldn't be fighting against each other "only" because of what political party they belonged to, and politicians would keep the promises they make while they are campaigning (haven't met one yet that did).

10.  Lawyers would not be trying to re-write the constitution.

11.  All people would be considerate of their neighbors and not mow their lawns after 8 pm in the evenings or before 8 am in the mornings.

12.  Everyone could pick whatever time you wanted to start working and quit working.

13.  We would have an alternative reliable transportation method instead of plane, train, or automobile similar to the transporter you see in Star Trek.  So if you live in Washington state, you could still go to Maine for dinner and be back by 9pm.

14.  There would be no more gangs.  The people who want to be part of a gang would now be part of an Infantry unit.  They would learn out to use weapons but they would use them responsibly.

15.  There would be no more bullies in the school system.

16.  There would be no animal abuse.  Every person would take care of animals and love them, and if caught being cruel to an animal you get branded or something so that everyone in public would know that person is cruel to animals and they would be ashamed of what they've done.

17.  No more reality shows.  Enough with American Idol and Survivor.

18.  Scam artists would not try to swindle money out of people (especially the elderly).

19.  Everyone would grow food in their yards and neighbors share with others.

This is exactly what my post was about.  I did not once try to conform anyone to my beliefs.  I was simply stating what I know/believe to be true.  So, why just because I am quoting the Bible and talking about Jesus am I all of a sudden trying to conform someone?  Why is it that whenever a Christian makes a STATEMENT, someone comes along and accuses them of forcing their opinion on someone else.  You got on here and freely placed your opinion about the Bible and if I post something that goes against that, the world considers ME wrong. 

I feel for you.....I didn't exactly have this situation but had an older sister and I was the *accident* 18 months after her birth and my mother NEVER let me forget it....

A cousin told me when I turned 40...*you tried for 40 years, don't waste the next 40* and boy THAT was a huge ATTA GIRL for me because I spurned the woman and avoided her as much as possible, realizing at about age 20-30 just how poisonous she was.  I forgave her many times in my head/heart and to myself (though she never once apologized nor said she ever might have done things wrong/incorrectly), and when I had my child I even let her in for 4 years, until she started pumping/manipulating the child and the child's responses and then booking all her $$ on what a 4 y/o could remember/say and then holding it against us (her parents).  That was the icing on the cake, the straw that absolutely broke the camel's back for me. 

I realized early too that my mother missed the entire journey in the life..... BTW, my sister committed suicide 30 years ago.....the 1st born, best loved....where was mom all that time prior.....(selfish woman emotionally).  I am so opposite and happy and have not missed a thing (well, except for the physical grief the first 18 years of life...think Mommie Dearest).

Be well and thanks for sharing.....

I am adult enough to know how to prioritize my day and my life without it it draining me or causing me to panic or neglect myself. Perhaps you have too much on your plate and either need to give something up or delegate to others. Oprah, Marth Stewart, The View, and shows of their ilk have done nothing but depress the women of today....make them feel worthless if they can't do it all and make everyone happy, all the while neglecting themselves. I am not a doormat because I don't allow anyone to treat me like one. There is a saying that you teach people how to treat you and I firmly believe that. Why feel guilty about taking some time for yourself? I just don't get it.