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Bad Credit Mortgage Loans & Bad Credit Refinance | (800)-419-1494 – Good credit is a bit slipperier to define. Some define it as a range from 680-739, which will allow you to qualify for a mortgage loan with most lenders. However, interest rates on conventional mortgages backed by Fannie Mae and Freddie Mac climb noticeably as scores drop below 700, which is why many borrowers in that range opt for FHA loans instead.
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Bad Credit Mortgage Loans: Home Loans With Poor Credit – Bad Credit Mortgages . The bad credit mortgage is often called a sub-prime mortgage and is offered to homebuyers with low credit ratings. Due to the low credit rating, conventional mortgages are not offered because the lender sees this as the homebuyer having a larger-than-average risk of not following through with the terms of the loan.
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