The number of people living with bad credit in this country has skyrocketed in the last five years as the economy has collapsed. This has made it very difficult to find home loans for people with bad credit. The collapse of the high risk mortgage industry has led many people to believe that once their credit has been damaged, they are no longer going to be able to secure a loan to buy a house. This is not the case and if you know what to do, you can find a lender that will help you buy that new home.