On an 850-point scale, up to fifteen percent of American consumers have credit scores between 500 and 599. According to FICO, this credit score ranges from poor to fair.
In addition, 10% fall between the ranges of 600 and 649. Considered to be acceptable credit.
Is it possible to obtain a mortgage with bad credit? When you receive a less-than-perfect score, you are in good company. With the right lender, it is possible to obtain a mortgage.
How do you obtain a mortgage with bad credit? This is what this article will discuss in depth. [Read more…] about How Can I Obtain a Mortgage If I Have Poor Credit?