Home loans for people with poor credit are provided today with low rates and a variety of terms. The biggest factor in finding the best APR is to search for the right lender. Researching rates and terms online will ensure you find the best home loan financing.

Lenders For Those With Poor Credit

With a credit score less than 620, you will need subprime financing. However, in some cases a large down payment can qualify you for conventional rates. Subprime financing means that for a higher rate, the financing company will lend you money to buy a house.

Subprime financing is offered both by subprime and conventional lenders. Subprime lenders offer a variety of loan terms and packages for almost every credit score. Conventional lenders are more selective about their applications, even with subprime financing.

The only way to find a good lender is to compare rates. One company isn