Bad Credit Mortgage Loans: Could You Purchase A Home With Bad Credit? If You Purchase a homely house With Bad Credit? Whether or not to purchase a property whenever your credit isn’t stellar or lease it up is ultimately an individual decision, but there are some pros and cons you can weigh when determining whether buying now is right for you while you build. In the first place, you will find a few market facets at play which are unique to your market that is current. Home loan rates are actually quite low at this time. In reality, 30-year fixed.