Can I get an equity loan with bad credit?

D

DWS58

Guest
Have $200,000 in equity in my home , looking to get $20,000 to $30,000 , in an equity loan , down side bad credit due to under employment which has changed.
 

Moe Bedard

Call 1-800-779-4547
Staff member
Loan Safe Mortgage
Aug 10, 2007
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In order to get a home equity loan with bad credit, you need to have sufficient equity and the ability to pay. Generally, lenders are looking for about 50-60% max loan to value.

With that said, if you have $200,000 of equity and If your home is worth $400,000 or more then you might qualify.