 TITLE: How to Get a Home Loan With Bad Credit CONTENT: Unfortunately, getting approved and getting a good interest rate aren't the same thing.\nThe low mortgage rates that you see advertised are generally reserved for borrowers who have very good or exceptional credit scores. Having a low score often means you're stuck with a much higher rate.\nBecause mortgages are often very large loans that take decades to repay, even a 1% or 2% increase could lead to paying tens of thousands more in interest over the lifetime of your loan. So no matter what your credit scores, you'll want to compare your loan options to get as low a rate as possible. The Consumer Financial Protection Bureau (CFPB) has a mortgage interest rate tool you can use to compare rates based on your state, credit score range and loan details. Government-backed mortgages, such as FHA and VA loans, are often a good starting point if you have poor credit. END