Bad Credit? No Worries- Check Out These Three Lenders Who Can Help

We’ve all been there. It’s easy to make some financial mistakes and have it negatively affect your credit. If you’re thinking about buying a house, you may feel frustrated when it comes to applying for a loan.

Luckily, having bad credit doesn’t mean you won’t be able to get a mortgage. More and more, lending companies are beginning to understand that a rough credit score shouldn’t disqualify a family from owning a home.

If your credit score isn’t as good as it could be, don’t let the fear of getting turned down keep you from applying for mortgages.

When you’ve decided it’s time to buy a home, talk to loan officers and get some advice on what type of loan makes the best sense for your family and your credit score.

Don’t get discouraged- when there’s a will, there’s a way. If you have your sights set on home ownership, it can happen, even with less than stellar credit.

Check out these bad credit home loan lenders:

1) Mortgage Investors Group (MIG)

Mortgage Investors Group prides itself on helping customers get into the home of their dreams, even if they don’t have a sparkling credit history. MIG offers borrowers a number of different financing options.

Loan officers work with customers to find a financial product that makes sense for the amount of money you need to borrow. MIG understands tough credit situations, and they help customers get the best interest rates possible.

The financial experts at MIG are there to help both new and experienced homeowners understand the details of their mortgage. Many borrowers try larger lending chains and find that they get the best service and rates at MIG.

2) Lending Tree

Lending Tree is a little bit different from traditional loan companies. Lending Tree itself doesn’t provide the loan to customers. Instead, the company searches a number of lenders, matching customers with a variety of possible lenders.

Think of them like a matchmaking service between customers and loan companies. Much like shopping for a hotel or a flight, customers are able to check out the benefits and drawbacks of different loan companies and choose the one that makes the most sense for them.

While Lending Tree prides itself on its simplicity, some borrowers feel that the process is impersonal. Since the entire system is automated, customers aren’t able to work directly with loan officers until they choose a company with which they’re going to work.

3) Quicken Loans

Quicken Loans is a popular lending service for people who have bad credit. Quicken Loans provides financial experts to customers, helping them to understand and improve their credit scores.

Quicken Loans’ lending company, Rocket Mortgage, prides itself on being the largest lender in the United States. While there are some advantages to working with such a large company, many people prefer the more personal connection of working with a smaller business.

Quicken Loans prides itself on helping people understand where they’re at financially and helping them take the steps necessary to improve their credit scores.