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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. These loans are backed by the Federal Housing Administration and only require a minimum credit score of 500. Private or Hard Money Loan.

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Mortgages with Low Credit Scores - Your Guide to Affordable Home Financing

Realty Biz

Government-backed programs: Government-backed mortgage programs, such as FHA loans, VA loans, and USDA loans, often have more relaxed credit score requirements. Consider alternative mortgage options: If traditional mortgages don't work out, explore alternative options such as FHA loans, VA loans, or USDA loans.

Finance 97
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Selling a House ‘As Is’ in North Carolina

HomeLight

Skip repairs and close in as few as 10 days. Real estate attorneys are considered essential for closing in the state of North Carolina. Schaus does business in the area of Fort Bragg, which means that Department of Veterans Affairs home loans ( VA loans ) are used very often by buyers. Request Cash Offer.

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

HomeLight

The most important factors in calculating this are your total monthly income, your monthly minimum debt payments, cash you have on hand that will help cover a down payment and closing costs, and your credit profile. You’ll want to have a strong credit score so that you can qualify for a home loan and get a good rate.

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