How to Buy Your First Home With Bad Credit?

Answer Purchasing a home is considered a good investment. According to real estate experts, the housing market is currently favorable to buyers, with prices and interest rates remaining low. However, havi... Read More »

Top Q&A For: How to Buy Your First Home With Bad Credit

Must the tax credit be repaid when you buy your first home?

If you took advantage of the tax credit as a first-time home buyer, then it must be repaid. The credit applies to homes bought between April 8, 2008, and January 1, 2009. The credit is an interest-... Read More »

What kind of house can be bought with the first time home buyer credit?

As long as the house is purchased for no more $800,000 and will be used as your principal residence, it will qualify for the tax credit. Single-family homes, townhouses, condominiums, mobile homes ... Read More »

What kind of home qualifies for the first time home buyer credit?

Home buyers who haven't owned a home in the previous three years can get a tax credit of up to $8,000 on their federal income tax return. For most buyers, the home must be under contract by April 3... Read More »

Can you get a USDA home loan with a collection on your credit report?

Yes, the USDA primarily focuses loan eligibility on meeting the income requirements because USDA loans are for low income families to support them in obtaining home ownership. Applicants for USDA l... Read More »