From Chapter 5 of The Book
Seven Loan Programs For Home Buyers With Bad Credit
Whether you are one of the million of first time home buyers with bad credit or good credit, you want to move up to a slightly larger home or you are looking to buy the home of your dreams, there are several loan programs available for you to choose from. The big question is which loan program is best for you and best fits your needs.
Many people believe that if you have a past bankruptcy, past collections, charged-off accounts, or low credit scores, that the only mortgage that you can qualify for is a high interest rate sub-prime mortgage and that is simply not true. The fact of the matter is that there are several low-interest fixed and adjustable rate loan programs available to prospective home buyers wanting to purchase a home and current homeowners wanting to refinance their homes that may have low credit scores and less than perfect credit.
If you are considering purchasing a home one of the most important keys is the loan program that you choose. The loan program that you choose can make the difference between you being able to enjoy the home of your dreams, and you spending sleepless nights wondering how to pay your mortgage.