2007-02-17 21:13:57 · 6 answers · asked by ERNIE C 2 in Business & Finance ➔ Credit
Yes, there are many companies that will finance "bad credit" loans. Try this site for helpful information and to get an idea if you would qualify. Good luck!
http://loan.divinfo.com/
2007-02-18 00:25:21 · answer #1 · answered by Reenie 3 · 0⤊ 0⤋
There are a number of mortgage companies who have programs for those with poor credit. You may want to check with a mortgage broker in your area. They will pull your credit report and help package the loan. They will then shop the loan to those most likely to make the loan. I have heard of those getting a loan with a credit score less than 600.
2007-02-18 06:55:27 · answer #2 · answered by Flyby 6 · 0⤊ 0⤋
There is a whole industry devoted to this. Of course, it depends upon how you define "poor." I recommend Hamlin Mortgage. If you view the free evaluation form at
www.totaldebtsolutionsllc.com
they will have a loan officer who can most likely say "yes" contact you. Good luck.
2007-02-18 10:10:41 · answer #3 · answered by CALIFORNIA GOLD 3 · 0⤊ 0⤋
Yes, there are some but you will pay a higher interest rate than people with better credit pay. Your real estate agent probably has a whole list of them.
2007-02-18 06:32:16 · answer #4 · answered by Faye H 6 · 0⤊ 0⤋
It is likely you would need to increase the down payment on the home before someone might consider you.
2007-02-18 05:27:23 · answer #5 · answered by Anonymous · 0⤊ 0⤋
None personally, but I am sure that there are, only thing is that they might charge you exorbitant interest.
2007-02-18 07:18:06 · answer #6 · answered by Anthony F 6 · 0⤊ 0⤋