Income Tax Rates

You may think owning your own home is impossible with bad credit. Luckily, there are plenty of programs out there to help people with bad credit.

You will find that if your credit score is lower than the mid 600's, it will be difficult for you to obtain any kind of home loan, even one for a mobile home. Difficult yes, but not impossible.

If you can find the right lender and are willing to suffer a high interest rate you can make it happen. The high interest rate is well worth it if you're serious about owning your own home.

First, you'll need to insure you make your payments on time when you get your loan for a mobile home. This will not only raise your credit score but will secure your ownership of your home.

Once your credit does improve you can then think about refinancing for a lower interest rate. Anything below the 600 margin is considered bad credit and can lead to bankruptcy and unpaid debt.

If you're concerned about your credit blocking your way to home ownership you may want to examine your credit report and fix any problems.

Equifax, Experian and Transunion are the three main bureaus from which you can obtain your credit report. For a small fee you will be able to examine your credit score. It always helps to know exactly what your score is and exactly what is in your credit report when you're seeking a mobile home loan.

If you discover any errors in your credit report you can write the bureau to have them resolved. The cleaner your credit, the better type of loan will be able to get. It only takes a little effort to fix your credit score and get that mortgage loan you need at a decent rate. It won't take as long as you think to boost your credit rating and obtain an affordable loan.