BOSTON ( TheStreet) -- More than a quarter of Americans have credit scores of less than 600 (on a scale of 350-800) and most banks these days won't even consider a score below 620 when issuing mortgage loans backed by Fannie Mae (FNM) and Freddie Mac (FRE), according to Fair Isaac Corp. (FIC).But a less-than-stellar credit score doesn't necessarily preclude someone from buying a house or car or from opening a small business. Here are some loan options for the credit-score challenged:
Loan Options for the Credit-Score Challenged
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.