For anybody who has a bad credit score – say one under 600 – the situation can be a little bit embarrassing. Sure, you probably do not even think very often about your credit score, which is fine. After all, why should you even worry about it?

However, there are times when your low FICO score will rear its ugly head. Namely: when you want to apply for some sort of credit instrument, such as a credit card or a loan. That’s when the embarrassment and frustration will start to kick in.

For example, you may find yourself walking into the mortgage lender’s office – or submitting an application online – only to find out later that your application was rejected due to your credit score being what they call “sub-prime” in lender-speak.

This can be very frustrating, indeed, especially if you command a respectable income and have been able to show over the past few years that you are good for the mortgage payments.

What you need in this case is to find a bad credit new home loan mortgage lender. Here are 5 secrets to finding bad credit new home loans at the best rates:

1. Learn to recognize bad credit home mortgage lenders:

Most lenders are pretty much the same: sure, they glance your entire mortgage application, but they focus 80-90% of their attention on one thing: your credit score. Unfortunately, this fact does you no good if you are a bad credit borrower.

What you need instead is to seek out bad credit mortgage lenders. These lenders have made it their particular business to work with people in your situation. They have learned ways to look beyond your simple credit score, instead analyzing your financial and credit background in its entirety.

2. Prepare yourself:

Your financial and employment history may be long or short, but there is one thing that is certain: much of it can be neatly summarized in just a handful of important documents. Do yourself a favor and prepare those documents now. Include, for example: your resume, W2 forms, pay stubs, past 2 years worth of tax forms, and bank account statements.

3. Build a list of qualified candidate lenders:

In this case, “qualified” lenders are those who advertise themselves as “bad credit mortgage lenders.” As stated above (in #1), these lenders have developed ways to view you and your credit history that does not automatically disqualify you as a mortgage loan candidate simply because you have a low credit score.

4. Research your credit score:

Now, it is time to get a leg up on your loan application specialist by researching your credit score. Be sure to pull your recent credit reports from all four of the major credit bureaus, including: TransUnion, Experian, Equifax, and Innovis.

5. Apply… and then apply some more:

Now, it is time to apply! And, do not make the common mistake of applying to just one lender, getting a pre-approval letter, and moving forward with that lender. If you do, you could be leaving tens of thousands of dollars on the table because you may not be getting the lowest-possible interest rate you can qualify for. Instead, apply to each and every lender on your prospective lender list.

Take these 5 secrets to landing a bad credit new home loan to heart as you set off on your journey for