How do mortgage companies give people loans if they have bad credit?

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Usually they would have a very high interest rate.

How do mortgage companies give people loans if they have bad credit?

Get a FHA loan. This loan does not depend on a borrowers credit score. The banks buy the loan from FHA, because FHA guarantees the loan.

How do mortgage companies give people loans if they have bad credit?

Or if they come in with a big down payment. That would

protect the bank if they default.

How do mortgage companies give people loans if they have bad credit?

They take a risk, but they charge a higher interest rate

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