Mortgage rates remain at the lowest since the 1950s. Don’t let the opportunity to buy a home pass you. Use these 13 Tips to get approved for a bad credit mortgage loan
Buying a home with bad credit means you’re going to have a more challenging time getting approved for a mortgage loan. Check out these 6 Must-Know Facts that will guide you through the types of mortgage loans available for bad credit borrowers.
Purchase a home with the help of an FHA Loan, they are generally easier to obtain because FHA can help a consumer qualify with credit scores as low as 500.
Online emergency loans from direct lenders with funds in your account as soon as the next business day. Bad credit emergency loans are available also. Take up to 5 years to repay the loans and build better credit.
Own fixer-up rental property with bad credit using the FHA 203K Renovations Mortgage Loan. It’s easy to qualify with a required credit score of 580 and 3.5% down payment.
Fannie Mae’s HomeReady program will allow low to moderate income borrowers include income from extended family members, parents, and even boarders.