Q: Can I become a home-buyer even if I have had bad credit, and don’t have much for a down-payment?

A: Yes. Your credit doesn’t have to be perfect to purchase a home. Difficult financial situations are often because of illness, divorce, or temporary unemployment. If you can demonstrate that the problem was in the past, and you have been able to re-establish a good track record for a sufficient amount of time, you may be in a good position to get a mortgage loan. Also, the down payment for your home can come from your own funds, a gift, an agency offering Down Payment Assistance, and other contributing persons/entities. Ask your Loan Officer about down payment alternatives.