– Some companies are specializing on bad credit clients. There are financial institutions that are creating programs for people who have bad credit. These loans are easier to obtain than traditional mortgages and are known as no credit check home loans.
USDA home loans, like VA mortgages are a 100% financing home loan. Because there is no down payment, the credit score requirements for USDA mortgages is a little higher than FHA. Most lenders will require a 640 credit score to qualify for a USDA home loan.
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