I need help with this problem. I have a pretty poor line of credit, but am looking to get a home loan...what can I do to improve my chances of actually getting a loan?
I am not sure what I need to do to qualify for a loan or what could help me become a better applicant!

Any help would be great! Thanks guys!

Hey Jim,

This is a good question, but one not easily answered. There are alot of things that are taken into consideration for a home loan.
The first thing I would do would be to get a free credit score report and make sure you understand what it is saying to you.

There is a blog I found with an article that is titled "Finding a Bad Credit Home Loan."

The link to this article is http://www.finance-your-life.com/?p=28

It has some very useful information on the exact question your asking!

Happy Monday

Dave

First, in this tight credit situation, you will need to put down at least 20% of the house price to get a home loan, so make sure you have that much in savings before applying for the loan. Also make sure that all of your credit cards are paid off and that you don't have any late payments on your record.