How can I buy a home with bad credit?
Pay your Bills On Time
There are several ways you can boost your credit score to buy a home. The main thing is to pay your payments on time for the preceding 24 months before buying a home with bad credit. Most creditors do not report you late until you are 30+ days behind so do whatever it takes to get the payment in before it hits 30 days over due.
Do not max out your credit cards to avoid bad credit
Be sure not reach the credit limits on your credit cards and charge accounts. This is one factor that will devastate your credit. For example, if your credit card has a limit of $1000, do not charge anything more then $500 on that particular card. A rule of thumb is to keep your credit cards under the half way point. This will bump your credit rating!
Do not apply for New Credit
Having credit is a good thing, it can prove you can be responsible to pay your bills on time and better your finances. When your credit is bad however applying for new credit can negatively affect your credit score. Do not apply several places for credit when you have been declined. This will drop your score each time and several credit inquiries look bad to banks and lenders.