answersLogoWhite

0


Best Answer

It may be assumed that having a low credit score may prevent a person from being able to obtain a loan. This is not the case, there are many websites that are offering loans to clients with low credit scores. When applying for home loans with a low credit score the clients are usually paying slightly higher repayment rates according to information taken from information from the internet. Many banks offer useful information and will also offer assistance to apply for a home loan.

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How can one get home loans if they have a low credit score?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Where can low credit score loans be compared?

There are a number of companies providing loans for people with a low credit score. Sites such as gocompare and money will assist in comparing these companies.


Where can one receive a low credit score loan?

Generally one does not want a low credit score. A low credit score can prevent one from obtaining credit cards, loans or mortgages. One can find their credit score at transunion.


Why do credit scores matter?

If your credit score is low, it can affect you renting a home, getting loans, or even getting a job. usually having many credit cards, or having credit card debt, can make you have low score. xD SWAG


Where can one get low credit loans online?

One can find low credit loans online through loansforcanada and one can easily obtain a low credit loan if they have bad credit. Elections personal loans is another place that one can obtain a loan online with low credit.


What is the average expected credit score to receive a mortgage loan?

There is not an average expected credit score to receive a mortgage loan. You may have a low credit score, and an high income and still be able to qualify. Loans are not just based on credit score.


Is a credit score of 766 good?

the average credit score in the US is just above 600. Your credit score is very good. You would be approved for most loans due to your low risk factor. Congrats!


Where can you find a legit bad credit loan?

Well, today there are a lot of lenders who provide personal loans even for people with bad credit score. Besides, such loans can be available even on the Internet as there are a lot payday loan companies which perform no credit check loans and, therefore, low or bad credit score is not a hindrance for online lenders.


Where can you get loans with a bad credit score?

Sometimes it can be hard to get a loan with a bad credit score. A low credit score means that you are delinquent on payments, so banks might be more hesitant to give you a loan in fear that they may not get their payments. Call banks near you and ask if they work with people who have low credit scores.


Why is your credit score low since you have not charged anything in 25 years?

A credit score is based on your overall use of credit in all forms, such as car loans, house loans, student loans, and such. The analysis includes other organizations, such as mobile phone companies, insurance companies, utilities and employers. For more information on how your credit score is determined, see the link I have provided below. If you have ever been denied credit, you can notify the reporting agency and receive a free copy of your report.


Can you get a car loan from a dealership with a credit score of 575?

You probably will, but beware of the interest rate. Low credit scores do not prevent you from getting loans, but you will pay much higher interest rates than someone with a credit score of, say, 790.


What is the best rate on a home equity loan?

Like most loans it depends on your credit score and whether it is poor, fair, good, or excellent as to what your rate will be on a home equity loan. Some of the best rates out are as low as 2.8 percent.


Who gives auto loans to people with low credit scores?

One option for auto loans for those with low credit is: http://www.carmoneyfast.com/bad_credit_car_loan.php. You may also want to try and improve your credit score, there's more information about how you might go about that at this website: http://www.myfico.com/crediteducation/improveyourscore.aspx