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FHA requirements are structured so that loan applicants who have a good credit history will likely be eligible for the mortgage. late payments, bankruptcies, no credit history, and foreclosures will adversely affect your chances.

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Bad Credit Does Not Disqualify You From A Construction Loan. – You've acquired some land and are ready to build the home of your dreams. Yet if you've had a past bankruptcy or other credit blemish, you might find your.

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Home Construction Loans – Lending Universe – On the other hand You can find private investor for your Construction Loan who will have much easier terms for your loan request. BAD CREDIT HOME CONSTRUCTION LOANS are specifically designed loans for people whose credit history has been damaged. These loans allow people with poor financial backgrounds the opportunity to build a dream house.

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