Buying a home with bad credit used to be nearly impossible. Things have changed. Today, many lenders offer loan programs specifically designed for people with bad credit. Some lenders even specialize in it.

Like I said, the times have changed.

But even though it's easier to buy a home with bad credit these days, you still need a solid strategy. Here are your four steps to home buying success:

Buying a Home with Bad Credit -- Your 4-Point Plan

1. Obtain copies of your credit report.
Start the process by getting copies of your credit report from all three credit bureaus: TransUnion, Experian and Equifax. Review your credit reports closely for errors and inaccuracies. You don't want errors dragging your score any lower than it should be. If you find a mistake on your credit report, dispute it online through the credit agency's website.

2. Shop for a lender.
Buying a home with bad credit requires you to be extra cautious. Some lenders try to take advantage of people with bad credit (since they don't have as many loan options). These lenders are often referred to as predatory lenders, and the name fits.

Avoid such lenders by shopping around and trusting your instincts. Get more than one quote. Ask around. Go with trusted names. Conduct research online. Watch out for