Can I Get A Mortgage Even If I Had An Adverse Credit History?

It is possible to get a mortgage if you have an adverse credit history, but it is not likely that you will be able to get it from a high street bank or building society.

The mortgage business is very competitive these days though, so it is possible that you will be able to get a mortgage from some of the other lenders that have sprung up in recent years. These companies have come in to offer mortgages to people who the banks and building societies have rejected, but they will look more closely at an applicant and may well offer a mortgage. They may charge a higher rate though so its worth shopping around.

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The key to your question is how old are the debts and have they been paid off.there is a government backed loan called fha. This loan requires a minimum down payment of three percent of the purchase price. Regarding credit,your credit score is not the most important factor for getting approved. What they want to know is that the credit you have has either been paid on time for the last twelve months or has been paid off.you may also qualify for down payment assistance

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