Can You Get a Home Improvement Loan with Bad Credit in Arizona?

home improvement

Your head is spinning because there’s another issue with your new “Dream Home” that has come at you unexpectedly. You overcame the first-time home buyers with bad credit hurdle but now that you’ve moved in, it’s clear that the house is in need of work to make it a place you’re ready to enjoy living in.

Can you get a home improvement loan with bad credit in Arizona?

The answer is yes, but it may take a bit of creative thinking and work on your part to get the money you need to make the repairs happen.

First up, check to see if the U.S. Department of Housing and Urban Development has a program that you qualify for that will help finance the costs of the improvement. They have plenty of tips on how to choose through all the options whether you’re looking to do-it-yourself or hire a professional to do the desired upgrades.

Second, consider speaking with your mortgage bank to see if a home equity loan is possible. They have a vested interest as you do; improve the value of the home. Making improvements to your house may not just improve your standard of living. It could improve the house’s total value should you need to sell in the near term future.

Next, look at options in micro-lending services such as Prosper. While the interest rate of the loan may be more than government or home equity loan, your ability to appeal person to person could be the difference in getting the cash you need.

Finally, consider asking a family member or close friend to co-sign a loan with a traditional bank. By asking them to do this, you and the co-signer are both taking on the debt and the risk of repaying the loan. Their signature could give you a much better interest rate, too. It could make the difference between getting a home improvement loan with bad credit or not.

The best way to increase your chances of getting a loan through traditional banks is to improve your credit score.

Improving your score will directly affect your interest rates and remove hurdles in order to get the financing you need.

No matter what your situation, Go Clean Credit has a solution. We have many credit repair programs that are available to help you overcome your credit situation and place you back on the path to financial success. Real credit restoration is not a once size fits all model and we tailor your needs to the right program, but most people can start for just $99 per month.

We have fixed price programs that get you back on track in as little as 5 months, debt resolution solutions, programs geared toward people who have had recent short sales or foreclosures and many others. Help is just a free phone call away, or you can fill out an appointment request. Contact Go Clean Credit to schedule a free consultation today.

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