Answer: -Could be possible to get 100% financing I don't know it the 80/20 is possible. You will probably have to get a sub-prime loan and definitely pay a premium for the bad credit such as a hefty amount of points. Do you want 80/20 so you don't have to pay mortgage insurance? A co-signer with excellent credit will help you get a loan. -This will be difficult for you, however, there is one option you may want to consider -- Have someone else purchase a home and then lease/purchase it to you. Over the next couple of years you need to work on your credit and then purchase the home from the one you are lease/purchasing from. I do this in Arizona to help others out. You may find additional helpful information in my free reports at www.paynotaxesforlife.comI hope this works out for you -I can do that loan for you, but it will be expensive. The rate on the first lien is 11.99% and the second is 14%. You'll need 7 points at closing plus the standard closing costs. You'll also need to verify that you have 2 months PITI in reserves.