There is a lot of information available on how people can be homeowner's, even if they have less than stellar credit, but because of this, and the current mortgage crisis, most people are still confused about their options. If you have a poor credit history than you are probably looking at not being able to get a home loan as easily as before.

It is not entirely impossible, you will just have to go through more steps than the average person and more than likely you will have to get a pre-approval certificate. A pre-approval certificate is exactly that, it's an approval showing that you do have the means to get a loan. So what can you do if you can't get this certificate, your income is much less than what it needs to be or your credit rating is bad?

Even if all these situations apply to you, there is still hope, it will just take a lot of time, patience and research on your part to get the loan you need. And if you are looking at making a deal by purchasing a foreclosed home, then you are going to have to go through the same process. Buying a house with bad credit is possible, but you will need to explore all options.

If your credit rating or history is poor but not awful and you have a stable work history, a lender may still give you a conventional 30 year mortgage. Look into your credit reports and see if there are any discrepancies, and if there are, then you have the right to dispute them and this is one way you can clean up your credit report. Once you have started the process to dispute the errors on your credit report, it may take a few months to get the erroneous information fixed, but then your credit rating should improve.

Don't be like the many Americans out there who believe that they will never be able to own a home because they can't get a home loan; there are options out there, you just have to put in the time and effort to be able to achieve your dream! The best way how to buy a house with bad credit is to do plenty of research -- there are solutions, but you don't want to be too hasty with one single choice.