Is home ownership possible for people with poor credit?

Question by Tina R: Is home ownership possible for people with poor credit?
I have poor credit, but I have a steady job and planning to enroll in a debt consolidation program. I have never owned a home before. Are there any programs for first-time home buyers with poor credit? Does anyone have any recommendations?

Best answer:

Answer by graciouswolfe
I can only say for a fact, that the worse your credit rating is, the higher the interest rate becomes.

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