FHA Home Loans For People With Bad Credit
When looking for a loan, the place to start and end your search is with government backed loans. FHA in particular has become known as the “bad credit home loan” or “bad credit mortgage” and has helped countless people across the country due to lower credit score guidelines.
In addition to lower credit score guidelines, the FHA loan has low down payment requirements, all the while banks that offer FHA loans can provide very low interest rates. In fact many people who do not need a bad credit home loan, get an FHA loan today because all of the terms are so attractive. Essentially, with an FHA home loan you can have the same low interest rate as a conventional loan.