Bad credit, USDA Rural Development Loan? Will it work?
If someone has held a job for more than 3 years, but has a bad credit history (hospital bills, a credit card bill from the past, one accidental bad check from 4 years ago, and a utility bill owed), does this disqualify the person from being eligible for the USDA Rural Development Loan program?
- Anonymous1 decade agoFavorite Answer
There you go for info : http://simple-credit-cards-and-loans.comSource(s): http://simple-credit-cards-and-loans.com
- gabriel jonesLv 41 decade ago
Bad credit is one of the worst problems to have... however there exists a solution.
I will hereby talk from my personal experience.
I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,
if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,
a good place to start in my humble opinion is astraight to the point ebook with question and answer I found :
if it helps kindly remember me in your voting!.. cheers!
- de bossy oneLv 61 decade ago
depends on the specifics of the loan and the mortgage firm who takes it. usda make direct grants, and loan guaranteed loans which is a mortgage from a lender which the usda guarantees, but makes no direct loan.
- 1 decade ago
You need to call a qualified lender to find out. I would suggest you email a friend of mine, Michael Campanaro of Wells Fargo Home Mortgage at michael.campanaro@Wellsfargo.com and ask about his credit program to see what you can qualify for. That's the safest bet. good luck.Source(s): Denise Broesler, Broker-Associate, RE/MAX Classic Group,