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I have a pretty bad credit score {sub 500}, but I can come up with a down payment that is 10-15% of the asking prices of a lot of these nice looking HUD homes.

What are my odds of getting financing set up at a decent interest rate?

1 Thought on HUD Homes – How to buy?
  1. Reply
    acermill
    August 19, 2011 at 8:39 pm

    Your odds are close to zero for ANY type of financing, with a credit score in that range. You need to improve that score by at least 100 points before you even think about applying for a mortgage. Start working on it now.

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