If you do not qualify for a bank ...Bad Credit Home Loans are ideal for individuals who have had credit problems in the past, but that need a loan for a new home purchase, mortgage refinance, debt consolidation loan or a home equity loan. The very faceless nature of online mortgages makes them difficult to trust. There is, after all, much sensitive information that you would have to give out when you apply for a mortgage. Such information may include your social security number, your full name, your address, your monthly income, et cetera. Thus, it is therefore advisable that you only conduct these types of online transactions with an established institution.