Having bad credit alone can’t stop you from getting the home loan you want. Buying a house that is everything you want in a home is a very exciting experience. Imperfections in your credit history alone will not prevent you from getting the home you want and the home you deserve.

Here are some things to keep in mind as you go through the application process for your home loan:

Contact or apply to many different lenders or brokers – Online you can complete many mortgage applications where the lender or mortgage servicer does not pull your credit history. If they don’t ask for your social security number, they usually can’t get your credit. Brokers generally use the initial application or inquiry form and what you tell them about your credit to make a decision about whether or not to proceed with the application and withdraw your credit. Many lenders will tell you that they’re not going to approve you anywhere and if they can’t help you, no one can. That is not true. All mortgage brokers have access to very different mortgage programs and some brokers are more creative in their financing techniques than others.

Complete your application or ask as accurately as possible – Inflating your income on your application or inquiry form to be higher than you know you can verify your income to be will only delay the process of getting pre-approved. The broker will work faster for you if you are working with the exact information you need to be able to verify. That’s the best way to get approved and get through the pre-approval process without a hitch.

be persistent – This is key when seeking pre-approval for a bad credit home loan, be optimistic. Find creative ways to get financing and contact as many brokers as possible. There are one or more that can help you. The key is to find them.

start looking for a house – Sometimes the key to getting into a home is finding the right one and a seller who is flexible enough to help you do some creative financial work. For example: the seller takes a small percentage of the loan, the seller pays your closing costs, or you can buy the house for significantly less than market value.

To see a list of our recommended bad credit mortgage lenders, visit this page: Bad Credit
Mortgage lenders.