Want to buy a house but are concerned about whether your credit score is high enough to qualify for a home loan? Finding a home loan with bad credit can be difficult. First, the good thing is that you can get a mortgage even if you have bad credit. However, your options may be limited. You may not receive the best mortgage rates or terms. For people with bad credit, there are several mortgage options available.
What is a bad credit score?
The ideal description of a bad credit score differs depending on the lender. However, the FICO scoring model considers scores below 580 to be “poor” or “bad.” If you have a credit score below 620 and are looking for a loan, it may be regarded as a low-credit loan.
Buy a House with Bad Credit Near Me
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