How can I buy a house with bad credit and no down payment?

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asked Feb 12 in Real Estate - Renting by Erexx (200 points)
How can I buy a house with bad credit and no down payment?

1 Answer

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answered Feb 12 by Jodie (16,560 points)
One way you could buy a home with no down payment is by looking for homes that the owner is selling as rent to own homes.

Some rent to own homes don't require a down payment and you make monthly rent payments and you keep making rent payments until the lease contract is up and then usually you need to secure a loan or mortgage to pay off the rest of the balance owed on the home.

Sometimes there's rent to own home contract leases where you just continue to make the rent payments and at the end of the lease and the last rent payment you then own the home and the deed gets transferred to your name.

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