Financing in Salinas>Question Details

Maria, Home Buyer in Salinas, CA

where can i get personal loan for poor credit?

Asked by Maria, Salinas, CA Mon Apr 6, 2009

Help the community by answering this question:

Answers

2
Most private money lenders are going to look at your credit also to see if you qualify for their loan also they have very high interest rates. I don't know what you consider poor credit. I do know of a program that isn't looking for perfect credit, no money down, reasonable rates, and affordable payments. If you would like more information please contact me, maybe I can help guide you in the right direction.
0 votes Thank Flag Link Sat Dec 26, 2009
Hi Maria! I think you might be referring to a "Hard Money" loan. It's a loan made to you by a group of investors or an individual (not by a bank). Your poor credit will count against you, but if you will put enough money down on the house, there will be someone willing to loan you money. They would want low risk, and you'd have to expect to pay higher interest on the amount borrowed.
0 votes Thank Flag Link Sat Apr 18, 2009
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer