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There are some special FHA loans which are specifically for people with damaged credit in order to encourage them to own a home. The loan is guaranteed by the government to be paid in the event that it goes into default so it's less risk for the lender and an opportunity for the borrower with poor credit. Other options can be opened up to the borrower by taking some simple steps to improve his or her credit.

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Q: How can a person with poor credit get a home loan?
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Where can I get a loan with poor credit?

Credit Unions are more likely to offer a person with poor credit a loan and if there is no luck there I would try payday advance stations. If employed you can choose the bank on your payroll checks to apply for a loan.


How can one get poor credit mortgage loan in Ottawa?

To get a poor credit mortgage loan in Ottawa a person needs to seek the advice of a lending company who can help you with getting a loan. Many times they will tell you how to get your credit in better standings so that you may get the loan.


How can poor people get credit for a home loan?

Contrary to popular belief, its not impossible for poor people to get a home loan. All you have to do is get better credit, usually by making payments on time, and then apply for one as everyone else.


Where can one find more information about getting a poor credit home equity loan?

One can find more information about getting a poor credit home equity loan by visiting their local bank and talking to an in regards to the issue. Also, they may visit a realty agency and discuss about the poor credit equity loan.


Where is one able to find a guaranteed home loan even with bad credit?

There is no way to guarantee someone will give you a home loan, but if you have poor credit, you can shop the same home lenders as someone with pristine credit. They will assist you in taking the steps to getting you approved for a home loan.


What is the average rate for a Subprime Home Loan?

Subprime Home Loans are for people who have a poor credit history. Therefore the rate depends on personal circumstance, how long the loan is for and what the credit history of the individual is like.


How can a consumer with poor credit obtain a home equity loan?

Many companies will offer home equity loans to consumers with bad credit. To find out if you qualify for a loan contact your financial institution for their requirements.


Are there any places that will finance a person with poor credit for a car?

There are several places that will finance a person with poor credit for a car, however, caution is advised. Getting approved for a car loan with poor credit is not easy, and there are many people out there who offer unreasonable rates.


Why do loan sharks often target people with poor credit?

A loan shark is someone that lends people money that would not normally be able to get a loan from a bank due to bad credit ratings. So the reason that a loan shark will often target people with poor credit, is because the person is in desperate "need" of the money.


Get a 4000 loan with poor credit but good income?

I have a good income but poor credit.


have poor credit need 5k personal loan where do i go?

have poor credit need 5k personal loan where do i go


What websites offer information about home loan mortgage rate quote for people with a poor credit rating?

Examples for websites that offer information about home loan mortage rate quote for people with poor credit rating are Realtor, Mortgage Calculator and Homeguides SF-Gate.