A home equity loan may be difficult to get with poor credit, but it is feasible. Your first step should be to review your credit report for any discrepancies. The next step is to look into alternative lenders specializing in lending to borrowers with weak credit or find a cosigner with strong credit.

Unlike FHA-insured mortgages, which must adhere to certain limits set by the government, jumbo mortgages can go above those limits (FHFA). These loans are more difficult to qualify for than conventional mortgages and are often utilized for high-priced homes. In this post, we'll go over how to choose a jumbo mortgage lender and the variables to keep in mind.

You are not alone if you are struggling with your mortgage payments. As of May 2021, one in every 12,700 U.S. residents is in the foreclosure process, per data compiled by ATTOM. One in every 5,535 residences in Nevada is under foreclosure, while in Delaware, that number rises to one in every 5,854. Due to the widespread coronavirus, many people have lost their jobs and ability to make money. Please understand that mortgage assistance programs are available to you if you are worried about losing your house to foreclosure.