Mortgages if you have bad credit do exist. You may have heard that getting home mortgages with poor credit history is impossible. Not true. While it is especially difficult to get a home mortgage when you have bad credit, which is not impossible to find acceptable terms. However, you should look around to find one.
So, what type of mortgage options do you have when the credit isn't good?
Typically there are a few things you can do to get a mortgage in this situation. But it relies on how much you are prepared to pay and the kind mortgage you are willing to get. The best situation is one where you put money down for the home. Giving a bank an extremely large down payment will assure you get the mortgage in spite of your credit rating. The worse your credit, the larger the down payment needed.
Sometimes though, you will have to pay up a significant portion of the home's value if you would like go this route. Unfortunately, because of this most people out there will be unable to take advantage of this technique.
Another option you might have is to look at acquiring a bad credit or "subprime" loan. You can look at getting one of these loans originating from a bank. However, because the housing crash and economic slowdown, banks are no longer willing to give these loans out - not unless they may be sure you are a good candidate. Other option is to look at an online bad credit lender who focuses primarily on poor credit mortgages. You will find out more information online.
If you are looking for bad credit mortgage home loans there are many sources from which to choose.