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Channel: Trulia Voices: are new construction loans available if you have bad credit?
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Answer by Annette Sievert

You will only know if you apply. Go to a local bank and to a loan officer who comes recommended and knows special programs. But it really depends on how good or bad your credit is and how much cash you...

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Answer by Don Groff

Hi Chris, It really depends on how bad your credit is and what is causing it to be bad. As far as FHA financing is concerned you can get the same rate with a 640 credit score as somebody with a 750....

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Answer by Lucy Puniwai

The first thing to do is have a Lender (and Lender only) pull your credit. You do not want to have your credit pulled too many times before buying a home or even considering it. As far as Builder...

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Answer by Lynn Crosby

As with any loan if your credit scores are low difficult to obtain any loan new construction, cars, lines of credit and etc. Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor The Michael...

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Answer by John Reaves

Typically most home loans go FHA. FHA is not a lender, but an insurer of loans backed by the government. To qualify for an FHA loan you need a credit score of 640. There are some lenders out there you...

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Answer by Rick D

Dear Chris, ...I am sorry you are not getting good answers to your question. The very first thing you should do, if you haven't already, is pull a copy of your own credit report along with the score....

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Answer by Tom Burris

Are you looking for a 'Construction Loan'? or Buying from a builder? I ask because many buyers get the two confused. Answering this question will help narrow things down. And then it will depend on how...

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Answer by Steve Hakes

Chris, I know the answers may sound complex, and that is only because of the complex regulatory world we as lenders are in today. My best advice would be to engage with a lending professional that has...

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Answer by AJ Macias

Hey Chris the short answer no ..But if you have a mid fico score of 620 then yes you are good to go with the best financing available...Pick a realtor in your area to register you, with all the...

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Answer by Andrea Gomez

Yes FHA loans can finance you with a score as low as 580 with 3.5% down. Check out The Lenders Network they can get you to the right lenders to help you. Good Luck!

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Answer by hobug1960

can you get a construction loan with one late 30 days past due payment...did send this payment out but somehow got lost in the mail....still holding this against me...was this past Janurary.

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Answer by Alex Reinig

Feel free to contact me directly- Here is a snapshot to Construction loans we offer: -CTP loans can be on Primary Residences and 2nd Homes for ground up construction, lot acquisitions, tear down,...

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Answer by Megan Miller

Have you tried The Lenders Network? I was in a similar situation and they found us a lender to help us get approved.. Good luck!

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Answer by Jameel Lopez

Your best bet would be contacting Home Loans For All. They specialize in all home-buying situations and especially credit issues and past short sales or foreclosures. Here's a link to them.

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Answer by Dallas Texas

As with any loan if your credit scores are low difficult to obtain any loan new construction, cars, lines of credit and etc. Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor The Michael...

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Answer by

Chris, I know the answers may sound complex, and that is only because of the complex regulatory world we as lenders are in today. My best advice would be to engage with a lending professional that has...

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Answer by Andrea Gomez

Yes FHA loans can finance you with a score as low as 580 with 3.5% down. Check out The Lenders Network they can get you to the right lenders to help you. Good Luck!

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Answer by

Feel free to contact me directly- Here is a snapshot to Construction loans we offer: -CTP loans can be on Primary Residences and 2nd Homes for ground up construction, lot acquisitions, tear down,...

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Answer by Mike Wilson

Check with Home Loans For All. They have the ability to reach out to their network of lenders to determine which lenders can help with your situation. They also can assist in mortgage prep/credit...

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Answer by Steve Hakes

Chris, I know the answers may sound complex, and that is only because of the complex regulatory world we as lenders are in today. My best advice would be to engage with a lending professional that has...

View Article
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