Will I be able to buy a house if my credit is in the shits?

 

no.

 

no.

 

Yes. You will just have to pay a higher interest rate. There is always someone out there willing to lend money if the interest rate and security are right.

 

Most likely no.

If they approve you, it will be with a very high interest rate and a huge down payment requirement.

Work on improving your credit rating, then try again in a few years.

 

credit comes first. It also depends on how much you make and how much you plan to borrow as well as how much you plan to put down. If your credit is sloppy but you make good money, you may be able to get a loan but it will come with a price of high interest rates. I would wait at least a year fixing up the credit before attempting to buy a house unless you have a willing co-signer like mom or dad.

 

Is this a joke?

 

No it is not a joke.
I make good money, I just have a bad credit history.
Thank you for you advise.

I hope I can improve my credit rating in a year or so like Zangerzone advised.

 

Yes, you can. There's various programs for everyone. Best advise I can give is find a mortgage broker.

 

Well, yes but you will be forced into high interest rates since the bank will consider you a high risk. Make sure that you do pay off the most you can, such as your car or other outstanding loans to credit card companies. It helps build a favorable debt- credit ratio that the bank will look at when you apply for a loan.