Mortgages with bad credit

People with spotty or no credit can still buy a home -- but get the right rate

Most people are highly confident they'll be able to buy a home at some point, surveys show, even if they have a poor credit history. They're right.

"Almost anybody can get a loan, no matter how bad their credit is," said Bob O'Toole, senior vice president of government-agency relations for the Mortgage Bankers Association of America. "The problem is how much they're going to pay for it."
The good news is that having a bad, spotty or blank credit record doesn't block you out of the market. Here's how to go about getting a mortgage that's right for you.