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Yes it is possible to get a real estate loan if you have bad credit. You might run into a few troubles and might get a few rejections but someone will eventually give you a loan.

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14y ago

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Is it possible to get a real estate loan if you have poor credit?

It is possible to get a real estate loan with poor credit, but much harder than it used to be before 2008. You will have a much higher interest rate, and may need a cosigner.


What is a type of loan that is used to buy real estate?

A loan used to buy real estate is a mortgage.


Is mortgage better than a loan?

A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.


Is a mortgage considered a bond type security?

No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.


What are some top rated real estate loaners?

Whitney National Bank, JPMorgan Chase Bank, and Campus Federal Credit union are some of the top rated real estate loaners. To get a loan from such a company though you must expect to have excellent credit.


What do loan proceeds cover in real estate?

What are loan proceeds


What is meant by a mortgage?

A mortgage is a loan with your real estate as security for the loan. If you fail to make regular repayments of the loan the lender can take possession of the real estate and sell it to repay the loan.


What is an rem loan?

Real Estate Mortgage


Is it possible to get a direct SBA loan to refinance an existing real estate debt close to 1 million dollars?

apparently not


How much is required for a real estate down payment?

Real estate down payments are determined by your lender. What kind of loan product are you getting? That is going to be determined by your credit score and credit worthiness and type of property you are going to buy. A single family home that is going to be owner occupied- you can get an FHA loan most likely with 3% down. Katerina Gasset


What banks are offering the best real estate loan rates?

For the best deals in real estate loans it it usually best to go to a credit union rather than a bank. Credit Unions cater more to the struggling middle class while banks have stricter standards when it comes to loans.


Can an IRA be used as collateral for a real estate loan?

No.