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It is possible to obtain a home loan if one has poor credit. Actually, that might make one eligible for a federal mortgage. Contact the local Housing and Urban Development office, as well as one's local bank or credit union to get more information and find out what all of the options are.

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Q: How can one obtain a home loan if they have poor credit?
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Related questions

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.


How can one obtain a loan if they have poor credit?

The best way for one to obtain a loan if they have poor credit is to go to a sub prime lender. If the interest rates are too high, the only other option would be improve one's credit and apply at a later time.


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.


How can one obtain loans with poor credit in the US?

There are many different companies that offer loans for those individuals with poor credit. A person getting the loan would also depend on the loan amount, the amount of collateral and other factors.


Where can one obtain a car loan after having claimed bankruptcy?

You can obtain a car loan after having claimed bankruptcy by applying online at the Cars Direct website. Cars Direct is well known for helping people with poor credit obtain an auto loan.


Where can someone with poor credit obtain a loan?

Short term loan sharks will normally support people with poor credit scores. But they tend to charge much higher interest rates, an generally hurt more than they help. It is advisable to approach a credit rating agency to repair your credit score, and then approach your local bank for a loan.


How can one get a bad credit auto loan?

If one has a poor credit history, there are still a few options for auto loans. One can negotiate a loan with their current financial institution, or obtain a loan from lenders such as Auto Credit Express or Valley Auto Loans.


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.


Get a 4000 loan with poor credit but good income?

I have a good income but poor credit.


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.