Mortgage With Bad Credit Bloomington, MN

Mortgage with Bad Credit Bloomington, MN

If you are attempting to obtain a mortgage with bad credit do not despair. It is possible to improve your credit over time and to qualify for a new mortgage loan.

Boosting credit scores is not the only means for people with deficient credit to get a home loan. The Federal Housing Administration (FHA) has made it easier to quality for a mortgage for people with bad credit. Under certain circumstances, people who have foreclosed or declared bankruptcy can obtain an FHA loan several years earlier than a conventional loan, and these people can buy a home with a smaller down payment.

Here are a few ways to help obtain financing for a new mortgage loan with bad credit:

  • Improve payment history by making payments on time
  • Build up savings
  • Show evidence of steady employment for a period of one to two years
  • Do not open new lines of credit Use credit cards sparingly, and without overextending credit lines
  • Make payments in full
  • Have up to four different kinds of credit accounts
  • Come up with a budget plan and stick to it

The only thing you have to lose is your bad credit

We would love to hear from you! Please fill out this form and we will get in touch with you shortly.

    By submitting this form I acknowledge that I am opting into communication from Credilife® via SMS messages, Phone, and or Email in compliance with the Terms and Conditions, and Privacy Policy (Which can be viewed by clicking the hyperlink below.) Message frequency varies. Msg and data rates apply.
  • Terms | Privacy Policy
  • This field is for validation purposes and should be left unchanged.