[jkhosho]

...but with terrible credit and good income in Chicago? My credit score is really low because I chose to settle my credit cards with the lenders due to the economy and crazy interest on the cards. I just stopped paying them in order to get a settlement on them. Anyways, the cards will be paid off soon but my credit is super bad like 480....but I make good money at my job and I can afford the monthly mortgage. I really want to purchase a home....less than 100,000. Who does loans in this situation? Thanks!!

[A A]

Call every bank in town, but stay away from the "consultants". You'll need 20% down or more and probably pay PMI (extra insurance). Then, you'll refinance after a year or two of good payments.