Can you get a loan for a mortgage with bad credit?

+1 vote
asked Feb 12 in Real Estate - Renting by Eest (280 points)
Can you get a loan for a mortgage with bad credit?

Can you get approved for a home mortgage while having a bad credit score?

1 Answer

0 votes
answered Feb 12 by Jodie (18,970 points)
You can get approved for a home loan mortgage with bad credit if you have someone cosign the mortgage along with you and they have the good credit of 700 or above.

That's the only way you'll get a mortgage with bad credit is by having someone with good credit cosign the mortgage agreement with you.

You'll also need to prove you have enough income to cover the monthly mortgage payments and you'll need a down payment as well to get the home mortgage.

10,171 questions

10,661 answers

32 comments

220,795 users

...