Where can I get a first time home loan with very bad credit and little to no money down?

My husband makes pretty good money and we are trying to reestablish our credit by making payments on a car. Most of the things on our credit reports are for old credit cards that only had low limits and medical bills. We live in a mobile home right now that is supposed to be a buy for program, but the lender closed and sold it to another company and they say they don’t know anything about it. The actual loan is in my husband’s sister’s name, but we make all the payments and even pay the taxes every year on it. We also carry the insurance for it. I don’t know if a home lender would consider this information when we try to appy for a mortgage? We’ve also considered maybe owner financing homes, but we want to live in a rural area and have some acreage and I don’t know if there are many people selling their homes like this in these areas? I hope that someone can help me.

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3 Responses to “Where can I get a first time home loan with very bad credit and little to no money down?”

  1. FinanceMan says:

    I am a mortgage specialist. I specialize in helping people with challenging credit. What are you calling "very bad credit?" What are your credit scores? The payments that you are currently making on the mortgage are not being applied to your credit file because your name is not on the mortgage. If you are making the payments on time, then you are giving your husband’s sister good credit because the payments are being applied and recorded on her credit bureau. This situation is too complex for us to discuss here. Please contact me at as soon as possible.

  2. laura_sahlin says:

    My husband and I are having the same problems…I have decent but not great credit and he just recently got some credit so it sucks too lol…and we are looking for a first time house loan. If you get any good answers, let ME know lol! :)

  3. piper says:

    I don’t know all the in’s and out’s about them, but have you tried a land contract.

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