Blank mg

Personal Loans & Mortgage Loans

Apply Now

Loan Options for Borrowers
With Bad Credit

In 2021, the average credit score in the state of Tennessee was 682. On the scale of Bad to Excellent, this is only a Fair score. If your credit score is not Good or Excellent, you may struggle to find fair financing options. Either you fail to pass loan approval or banks charge you high interest rates.

Midstate Finance Company specializes in loans for people with low credit scores. Our rates fall right in the middle of banks and those of a check-cashing company.
Personal loans

Personal Loans

Whether it be medical expenses, auto repairs, or unexpected bills – sometimes you need more money in a short time frame. Not everyone can cover unexpected expenses with a credit card, especially if your credit score is bad or you've reached your credit limit.

Personal loans from MidState Finance Company can help you make ends meet when you're in a tight spot. Whether you need a short-term loan or longer financing, we're here to help. Get fast approval today so you can get the money you need.

– Get an unsecured loan for up to $1,000.

– Get financing for 6 to 18 months.

– Requirements: Minimum credit score of 600, valid driver’s license, and proof of income.
Get Approved Today
Mortgage loans

Mortgage Loans

Owning a home has long been a part of the American Dream. But, this achievement may feel out of reach if your credit score is low. Fortunately, there are a number of options available to borrowers who may not qualify for financing from a bank.

We offer a number of different mortgage loans to help you get the financing you need depending on your situation. Whether you are purchasing land, a mobile home, or investment property – we'll help you secure a loan with credit as low as 550.

– Requirements: Minimum 550 credit score, valid driver's license, and proof of income.
Get Approved Today

Types of Mortgage Loans We Offer:

  • Primary Resident Loans: This loan is for buyers who intend to live in their homes most of the time. Because this loan is a lower risk to lenders, it often qualifies for the lowest rates.
  • Purchase Money Home Loans: Also known as seller financing, this loan is an agreement between buyer and seller.
  • Land-Only Loans: Also known as a lot loan, this finances your purchase of a plot of land.
  • Rental Property Loans: If a tenant will occupy the home instead of the owner, this is the type of loan needed.
  • Mobile Home Loans: Because you are not purchasing land, these loans can be more affordable.

Frequently Asked Questions

What is considered proof of income?
We'll accept the following as proof of income:
  • Check Stubs
  • Bank Statements
  • Copies of Bank Deposits

Can I get a mortgage loan with a bad credit score?
Yes, you can still secure a mortgage loan with bad credit. A bad credit score falls between 300-629. Our minimum requirement for mortgage loans is 550.

Can I get a personal loan with a bad credit score?
Yes, we can offer unsecured loans of up to $1,000 for people with bad credit. A bad credit score falls between 300-629. Our minimum requirement for personal loans is 600.

Contact Us

Get started with your next car loan, personal loan, or mortgage application.
Contact our team for fast loan approval.