Purchase Rehab Loan
ContentsHigh credit scoresInsures mortgages coveringRehab loans provide borrowersLoans provide borrowersExpanding homeownership opportunities.Home Loan Companies For Bad Credit Bad Credit Loans. A bad credit loan is a personal loan taken out by a borrower with bad credit. Even though consumers with high credit scores will have more favorable terms, it is possible for borrowers with bad credit to obtain a loan.For housing rehabilitation activities that do not also require buying or refinancing the property, borrowers may also consider HUD's Title I Property Improvement Loan program. Type of Assistance: Section 203(k) insures mortgages covering the purchase or refinancing and rehabilitation of a home that is at least a year old.Homebuyers of fixer-upper properties face two challenges: worrying about how to get a loan from tight-fisted lenders and fretting about how to pay…