Zain Martin 
For those with less-than-perfect credit, the Best Mortgage Lenders for Bad Credit may be hard to find. But, they do exist. Bankrate has ranked them based on minimum credit scores, wide range of loan programs, flexible underwriting, and more. You can start your search for a lender with bad credit by browsing the rankings. If you are interested in obtaining a mortgage, Bankrate ranks the Best Mortgage Lenders for Bad Credit based on their minimum credit scores, flexibility, and relationship discounts.
When applying for a mortgage, it is crucial to remember that low credit scores usually mean higher rates. However, you can still get approved if you have a significant down payment and a sympathetic lender. To get approved, you can look through the Best Mortgage Lenders for Bad Credit list below. After you compare their rates and terms, you can choose the best lender for your unique financial situation. You may want to consider using a mortgage lender that is a member of the Better Business Bureau, which is a great place to start.
First, shop around for mortgage rates. Many lenders offer better rates to borrowers with bad credit. Look for lenders that have special programs for first-time buyers with low credit scores. You may be able to find a home loan with bad credit without a cosigner, which is an option for many people with low or no credit scores. If your credit history is a bit too high or too low, you may even be able to find a mortgage with no credit at all.
Another option is to apply for a Federal Housing Administration (FHA) loan. FHA loans require less down payment and are often available with terms of 10, 15, or 30 years. These types of mortgages have low closing costs and credit qualification requirements, and are perfect for borrowers with poor credit. You can find an FHA mortgage at one of the mortgage lenders listed below. All of them offer mortgage insurance to help you qualify for a mortgage.
While it may be difficult to find a mortgage lender with bad credit, the best way to rebuild your credit score is to start using credit responsibly. Getting a secured credit card, auto loan, or retailer’s credit card will help you build a positive credit history. You can also get a loan with a co-signer if your credit is too thin. If you can manage to pay back your payments on time, you’ll have a good chance of qualifying for a mortgage.
