Bad Credit Home Loans

Bad credit home loans are available for borrowers who are having trouble getting financing because the loan request does not fit the lender guidelines. Many traditional lenders do not make bad credit home loans, so it's important to find lenders who allow for conditions, such as, low credit scores, excessive debt, collection accounts, bankruptcy, or foreclosure. Lenders compensate for a bad credit home loan with a somewhat higher rate and a lower loan to value than a conventional home loan.

Hard to prove income

Bad credit home loans do not require the traditional documentation to qualify.

Too much existing debt

Conventional lenders can turn you down if they think you have too much debt.

Bad credit problems

Lenders offering bad credit home loans have flexible guidelines that allow late payments, collections, and other credit problems.

Bankruptcy or Foreclosure

Even if you have had a bankruptcy or foreclosure, credit can be available.

Using home equity as a supplement for income. Some information for those faced with the need to use their home equity for personal cash out.

Choosing a home equity loan or a credit line. Compare the differences between a home equity loan and a home equity credit line. 

Some Tips for comparing mortgage loan rates. Getting accurate mortgage loan rates on home loans, second mortgages and home equity loans. 

What lenders look for in a mortgage application. Guidelines that lenders use to qualify applications for new home loans and home equity loans.