How to Buy a Home With Bad Credit – Empire NoLimit, LLC Investments

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A bad credit rating can put the brakes on your home buying plans, but it doesn’t have to be the end of your journey. Understanding what bad credit is, how to avoid it, and what your options are if you already have a bad credit rating, can help you decide on the next steps to take when buying property.

If you want to invest in real estate, bad credit can be a stumbling block, but it doesn’t have to derail the whole train. For more smart financial news and advice, head over to MarketWatch .

If you have bad credit but you want to buy a home, start by getting pre-qualified for a loan with the Federal Housing Administration, who are more likely to forgive bad credit than other lenders and allow down payments as low as 3.5% of your original loan.

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