 TITLE: How to Get a Home Loan With Bad Credit CONTENT: Mortgage Lenders Consider More Than Credit Scores\n-------------------------------------------------\nWhile your credit can be an important factor in determining whether you can get approved for a mortgage, it's not the only factor. In some cases, you may be able to make up for having low credit scores if you have an otherwise good financial situation.\nHere are some examples:\n*   **A large down payment** could make it easier to qualify for a home loan and help you get a lower interest rate.\n*   Your **debt-to-income (DTI) ratio** can be an important factor. A lower DTI is better when you're applying for a home loan.\n*   Adding a **creditworthy cosigner** to your application can also help. However, the cosigner will be legally responsible for the mortgage payments, and the mortgage could impact their creditworthiness and increase their DTI ratio.\n*   Having **few or no debts** could ease lenders' concern about your ability to manage bills.\n*   If your **mortgage payments are similar to your rent payments,** lenders may appreciate that your monthly payments will stay steady.\n*   A **large savings balance** could show lenders that you'll be able to afford your mortgage payments even if you're faced with unexpected bills or lose your job.\n*   A **long work history** with your current employer, or in your field, may demonstrate that you'll be able to move up in your industry or quickly find another job.\nRemember, credit scores attempt to predict the likelihood that someone won't be able to repay a debt on time in the future. So, whether it's your cash savings or employment record, showing your financial stability and ability to cover future bills could help your application. END