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You can get a home equity loan with bad credit, but you will most likely need more equity and less debt than someone with good credit. You will also pay a higher interest rate.
What credit score is required for a FHA loan? Borrowers can get an FHA loan with a score of 500 if they make a down payment of 10% or more and 580 with a down payment of 3.5% or more.
A trusted household name in the world of credit cards, Discover also offers quick personal loans to eligible borrowers with good credit. Loans are available for as much as $40,000 with no ...
You want to buy a home with a VA loan but worry you won’t get approved due to credit issues. The good news is even with a low credit score, you may not be entirely out of luck. When you apply ...
You want to get a home equity loan but worry you won’t qualify due to past credit issues. That may not be true, as bad credit isn’t always a deal-breaker.
Most lenders look for a credit score of around 620 or higher to qualify for a home equity loan, so it may not be possible to get one with a 500 credit score. Improving your DTI ratio, disputing ...