You can buy a house in Washington DC with bad credit by cleaning your credit report and improve your credit score as much as possible. Lots of free advice available in Washington DC to help you to access the home.
Make an appointment with a credit counseling agency nonprofit in Washington DC, as the Consumer Credit Counseling Service of South Washington DC. Authorizes the credit counselor to look at your credit report and review it with you. Follow the advice of counsel to address all items in arrears on your report, such penalties, judgments and liens. You must also make payments to update all existing accounts and maintain a history of timely payments over 12-24 months.
Call the Department of Housing and Urban Development (HUD for its acronym in English) to find a close adviser and approved by HUD in Washington DC. Ask the counselor about mortgage loans insured by the Federal Housing Administration (FHA for its acronym in English). In August 2010, FHA loans were available with credit scores as low as 500, well below the score of 620 generally recognized as the cutoff for the “good” loans.
Hire a real estate agent knowledgeable about the process of buying the FHA. Find a home in Washington DC and apply for a mortgage through an FHA lender or another lender who works with people who have had credit problems.