How to Obtain a Mortage Loan With Bad Credit

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How to Obtain a Mortage Loan With Bad Credit – This is a place for the community to provide tips and advice on How to Obtain a Mortage Loan With Bad Credit. This topic was created by Fredy Moya and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - How to Get a Mortgage Loan With Poor Credit

Published: 9 years, 4 month(s) ago | Submitted by Isabelle Stephan | permalink

Having poor credit should not deter you from seeking a mortgage loan. In fact, some government programs exist to help distressed homeowners keep their property or enable poor-credit borrowers to buy ...

For further reading: http://homeguides.sfgate.com/mortgage-loan-poor-credit-4394.html ^[1]

Tip 2 - How to Qualify for an FHA Mortgage Loan With Bad Credit

Published: 9 years, 4 month(s) ago | Submitted by Dom Gifford | permalink

The Federal Housing Administration (FHA) insures mortgage loans. FHA-approved lenders who offer FHA products receive a guarantee from the federal government--if a borrower defaults, the FHA pays the ...

For further reading: http://homeguides.sfgate.com/qualify-fha-mortgage-loan-bad-credit-9167.html ^[2]

Tip 3 - How to Get a Mortgage With Bad Credit | Credit.com

Published: 9 years, 4 month(s) ago | Submitted by Esther Cranendonk | permalink

There's a general belief you need to have 20% down and a good-to-excellent credit history. But you actually can get a mortgage with bad credit.

For further reading: http://blog.credit.com/2013/07/how-to-get-a-mortgage-with-bad-credit-67820/ ^[3]

Tip 4 - How to get a mortgage right now, even with bad credit

Published: 9 years, 4 month(s) ago | Submitted by The Picard | permalink

Let’s be honest, there’s a better than even chance that the average American has a FICO score that is, how to put it nicely, suboptimal. That doesn't mean they can't get a mortgage.
Tags: FHFA,Fannie Mae,Freddie Mac,HUD,Housing,How to get a mortgage with bad credit,mortgage rates

For further reading: http://www.housingwire.com/articles/31227-how-to-get-a-mortgage-right-now-even-with-bad-credit ^[4]