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Other Home Loans for Bad Credit. VA loans are without question the best type of mortgage loan. But, some people have credit scores too poor to qualify for VA. The good news is that there is a mortgage program that allows for bad credit scores. fha loans are one of the more popular types of home loan products used today.
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Fha Housing Requirements Under current law, mortgage insurance certificates must be issued directly from the Department of Housing and Urban Development. And look for more consumers to check out the new FHA–lower cash.
Lone Star Financing is an approved fha mortgage lender– local mortgage. your best option due to the low down payment and easier credit standards.
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These "bad credit home loans" are known as a sub-prime mortgage. FHA loans allow for poor credit scores as low as 500 with 10% down and 580 score with 3.5% down. See if you qualify for an FHA loan
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