What banks work well with bad credit home loans?

Let me first say, Be Careful!!! Some banks will impose extremely high interest rates on a loan with bad credit. Contact a real estate agent, who is a member of the National Association of Realtors, and find out what kind of first time home buyer programs your state offers. I'm an agent in TN and we have a program called THDA. It's a great program that offers down payment assistance as well as help towards your closing costs. The interest rates are very reasonable. Explore all of your possible financing options before you jump into signing anything. Also, when purchasing a home, you should ALWAYS be represented by an real estate professional! It costs you absolutely nothing and you have someone knowledgeable to represent your best interests so you don't get taken advantage of. Good Luck on your purchase. I hope I helped you answer your question.

well it all depends, some banks except so so credit and some dont, my suggestion would be find a mortgage lender that deals with not so perfect credit.. when we bought our home we didnt have the best credit and our mortgage lender helped us make it better... heres the guy we used and he was awesome..

http://www.derekbeisner.com/

Banks that deal with bad credit include:

BNC Mortgage

Lime Financial

Bravo Credit (Formerly Encore Credit Corp)

Fieldstone Financial

NovaStar Financial

A good Mortgage broker that can chose one for you:

Five Stars Mortgage (www.fivestarsmortgage.com)

Best of luck to you

Well the FHA does loans for people with bad credit. I have done 3 loans through them in the past two months for people with sub 500 scores and the rates were 30 yr fixed in between 6.75 and 7.25.

There are alot of banks/borkers that specialize in credit repair, you might want to check out www.restructureyourmortgage.com you can use their mortgage calculator as well as enter your information and receive feedback from a loan consultant. Best of Luck.