There are many home loans options available for individuals with bad credit or low income who have been turned down by the major banks. While you might not be able to qualify with a primary lender at the lowest possible mortgage rate, at Spark Mortgages we have a variety of many institutional lenders and private lenders who specialize in mortgage products for individuals with bad credit scores or low income.

Important Factors

You will notice that for some credit scores – take 650 for example – you may be able to qualify for a loan with either a prime lender or a bad credit institutional lender. When in-between ranges, lenders will look at additional factors, including: