Yes, if you can make the monthly payments. Reason is that A) there are loans available even for bad credit borrowers, and if you're a first-time buyer there are even more programs, and B) if you buy well, you will gain equity in the house over, say, 5 years that will help you pay off debt and restore credit.
But the key is, make sure such a purchase is WITHIN your monthly budget - not just today, but predictably over time.
Good luck!Should I even bother to try to buy house when I have bad credit and no down payment?
Yes, You can do it.
What can it hurt to try.Should I even bother to try to buy house when I have bad credit and no down payment?
No!!!!!!
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