article thumbnail

3 Alternative Home Loan Options for People with Bad Credit

Rent, Buy & Sell

VA loans generally have the lowest interest rates on the market and do not require monthly mortgage insurance (unlike an FHA loan). Keep in mind the following: It’s possible to get a VA loan without a down payment. Higher debt-to-income ratios are allowed for VA loans compared to conventional loans.

Loans 98
article thumbnail

Real Estate Loans for Investors: Types and Requirements

Marco Santarelli

Disadvantages: Strict eligibility criteria, such as good credit, steady income, and a minimum down payment of 20% The loan amount is based on the property's appraised value, which may limit the amount of financing available to investors. These loans are often used for short-term financing or for borrowers with poor credit scores.