My daughter and her husband assumed that because they had bad credit that they could not purchase a house at this time. I told them that they could get a bad credit home loan which might entail a higher interest rate but all of the normal terms of a standard mortgage. They had not heard of such a loan program. I assured them that since their financial problems are in the past that they could get a home loan. I told them to contact their local bank first, and if they would not approve them for a loan, I would help them find a bank that would.
