Yes, you can buy a house with a 500 credit score when buying from URB Chicago.
URB Chicago has seller-financed single-family homes for sale, 2-flat, 3-flat, and 4-flat apartment buildings for sale, commercial real estate for sale, and mixed-use properties for sale. And guess what?
Our contract for deed properties allows you to buy a house for sale or a property with a low down payment and affordable monthly payments. Additionally, by taking out the middle-men: bank loan officers, underwriters, and a legal team, we can offer you a more affordable price on your home and speed up the process.
We provide very bad credit home loans so that you can turn things around. In fact, we are so serious that we don’t check your credit report. so, bad credit, no credit, no problem.
Sin crédito. Mal credito. No hay problema. Nuestros especialistas hispanos le darán un trato directo y no habrá terceros ni intermediarios, la aprobación es inmediata. Casas en venta
No Credit Check Financing Available To Buy A House with a 500 Credit Score
Our URB easy no credit check financing continues to give just about anyone the opportunity to purchase a home or investment property. And, since we own the real estate we sell, URB Chicago properties are affordable, processed with minimal paperwork, and there is no need for bank or lender prequalification.
URB casas en venta Chicago y sin ningún papeleo de su parte. Si tienes mal crédito o no tienes crédito para comprar una casa en venta en Chicago con nosotros, no hay problema. Financiamiento sin verificación de crédito.
What is a bad credit score:
A bad credit score varies depending on what you would like to obtain credit for and the lender. However, many lenders consider a credit score of less than 625 to not be ideal for things such as buying a car, and especially bad if you want to buy a house. A score of less than 625 will often result in high-interest payments and additional money for buying a house.
What is your credit score used for?
A credit score in its most simplified form tells future creditors how you handled credit that has been extended to you in the past. So, if you default on a credit card, the bank you defaulted on will notify future lenders of the default. Based on a variety of factors the different credit bureaus will quantify your “credit-worthiness” in a score. This score will be a quick view of your credit past.
So, can I get a home loan with a 500 credit score?
To be fair, banks and most lenders will not extend credit to you with a 500 credit score. URB Chicago likes to consider ourselves outside that box. URB Chicago has home loans for bad credit first-time home buyers and bad credit home buyers even if you have bankruptcies and foreclosures in your past.
Our goal is to provide programs for buying a home with bad credit. This not only gives you a chance to own a home, but by buying as-is condition properties for sale, you are also helping to improve Chicago’s southside and westside neighborhoods such as South Chicago, West Pullman, East Garfield Park, West Englewood, and more.