Bad Credit Home Loans

A bad credit home loan, is a loan for someone who has had some problems with their credit in the recent history.

Generally speaking the lower your credit scores, the higher your interest rate will be. In addition having a lower credit score may also affect how much of a loan, or how high of an LTV (Loan to Value) your mortgage lender will let you qualify for.

Therefore, you can see the importance of trying to keep your credit score high and the potential savings you can obtain by working hard to raise your credit scores.

It is a good idea to try to improve your credit score before applying for a mortgage. The difference in interest rate will literally save you thousands. If you have known credit issues, I may be able to help you resolve them, or refer you to a reliable credit repair company that can. Call me at for more information.

If you have bad credit in addition to a higher interest rate, you may also get a loan with a pre-payment penalty and/or more points on your loan.

With the absence of subprime lending programs that were abundant a few years ago, FHA has taken the place for most borrowers with less than perfect credit.  Currently, you need to have a middle FICO score of at least 620 in order to qualify.  Visit our FHA page for more information on qualifying for FHA.