Help! Getting home loan with poor credit?
Answers:
Depending on how "bad" bad is, it may be more difficult for you right now, b/c of the recent crackdown on subprime lending. You will probably have to have a score in the 600's. They've taken away alot of 100% and 95% financing option in the subprime market. But you have a DP.
It also depends on what price home you are looking at right now you may be in pretty good shape for a $150k home, b/c you'd have 10%, but if you go up to a $300k home you're in trouble b/c you only have 5%.
I would say 10% down and a CS in the 600's would be do-able.
AAA Worldwide Finance.972-724-3222.
they helped me. good luck!
Check the link below, ask for Charles. It doesn't matter where you live he's a broker and works with several lenders. You may have to go sub-prime if your credits really bad but he will lead you in the right directions and help you if it's at all possible.
Increase your down payment and improve your credit and you will have an easier time getting a loan and at a lower rate
Depends just how "poor" your credit is...
If you can get 10% or more down you have a decent chance of someone approving you out there. However you will be paying high rates no matter what.
You wont want to hear this because its the honest answer, but you should work on your credit or get 20% down then you will be alot better situtation..
You can try Evolve Mortgage in Memphis, TN. Jayme Boyle is the alternative credit manager. He is excellent!
sounds easy enough
http://www.wesayes.com
Bad credit home improvement loans provide for only the necessary improvement to your home and you have to explain any extra improvements. If you are looking for cash for any non-essential items, try to get the period of your mortgage extended.
If your poor credit record does not make you eligible for a home improvement loan, look around for a bad credit home improvement loan. Before applying for this loan, calculate the expenses that you are likely to incur.
its better for you to try for an online loan.i think that th e below website will help you to find the right solution.
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