If you are looking for a loan for a new house then you might be afraid to apply for a mortgage due to the fact that you have less than perfect credit. There are a lot of people that have suffered from the economy and that has made their credit scores go down. Many people have fallen on hard times and they have not paid any of their minimum payments on their credit cards because they had to use their cash to pay for food. If you are going to try to get a house even with a bump in the road in your credit score then you should apply for secured loans that will be able to help you get into the house of your dreams. The more money you put down on the house, the lower your monthly payment is going to be. You should be sure to speak with a professional to see what your credit score is.