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3 Alternative Home Loan Options for People with Bad Credit

Rent, Buy & Sell

Great credit allows people to get the best interest rates on various types of loans. Bad credit is usually the result of late bill payments, bankruptcy, foreclosure and loan defaults. FHA loans can also be obtained by people who have a bankruptcy or foreclosure on their record. There are some drawback to VA loans.

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Your Go-To Guide on How to Save for a House on a Low Income

HomeLight

A hard worker with an hourly paid job at a nearby prison, the client was able to save and use the Neighborhood Assistance Corporation of America (NACA) program through Bank of America. USDA loans. USDA loans feature low fees and 0% down payments. Federal Housing Administration loans. NACA is the largest U.S.

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