Home loans: What classifies as a bad credit home loan?
There are a few different types of home loans, but if your credit isn’t that good, you may feel as if you won’t qualify. Fortunately, you can purchase a home with bad credit. The key is in knowing what bad credit home loan lenders look for, and what you need to do. Just like a regular home loan, bad credit home loans start by evaluating your FICO score. If your score us between 500 and 570, you can consider that to be bad credit, but mortgage lenders look for more than just a credit score. Here are additional factors that will be...
