Think Your Credit Score Is Too Low To Buy A House? Maybe Not (Part 5 of 5)

Private Money Lenders

If all other avenues fail, you may still be able to get a loan with your bad credit from a private money lender. These are individuals with money to spend who are looking for investments. Because your low credit score makes you risky, you'll be charged more for your loan.

"Your personal credit is usually a smaller factor in these types of loans. However, you should know that the interest rate on these loans is much higher - in the range of 10-15%," said First Time Home Financing. "If you really have bad credit, this could be your only option for the time being."