I found an ad that read "$0 down. 2.5% interest rate. Bad credit ok." Skeptical, though in need of a new home after a divorce that left my credit less than perfect, I called and spoke with Peggy. She informed me that I would have to take a class 4 hours away and that the loan program was only for new homes using themselves as the builder. I decided to go to the class as I had nothing to lose. Upon returning from class I learned that the loan is a typical mortgage and the rate was so low because the builder was going to buy it down from... read full review »