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Gaining an approval for a personal or home loan is more difficult for a single mother with only one income. Having a bad credit history only compounds the problem.

There is no such thing as a personal or government loan program specifically earmarked for single parents. Do not be fooled by misleading articles and headlines suggesting otherwise.

However, solo moms can improve the chances of getting the emergency cash or home they need.

  1. Show all income sources and open a checking account for personal loans
  2. Government programs can help with buying a house or renting an apartment

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Emergency Personal Loans for Single Parents

Emergency personal loans for single parents enable solo mothers and fathers to borrow money without pledging an asset as collateral. The most common forms of collateral are cars or houses followed by jewelry.

You do not put these assets at risk do not have to establish or verify their value. This helps you obtain your money more quickly and with fewer hassles.

Quick Cash Loans

Request a quick cash loan here. (Affiliate Link) Single mothers and fathers often find themselves with urgent monetary needs. Balancing work and childcare duties alone makes it difficult to build and maintain an emergency saving fund.

Quick cash loans can help you avoid costly late fees and other hardships when you run short of money during a crisis. Use the funding to address pressing needs rapidly.

  • Car repair
  • Rental eviction
  • Childcare costs

Small Personal Loans

Small personal loans for single mothers with low-income help to build a positive payment history and improve your credit rating over time. With only one source of earnings, it is important to live within your means. You do not want to fall behind and ruin your ratings for seven years.

Loans with low monthly payments are most affordable for low-income borrowers and often combine one or more of these features.

Bad Credit

Single parents with bad credit history can obtain a personal loan by offsetting their poor risk profile. Low credit scores indicate a high probability of future default. Demonstrating strong credentials in two other areas can tip the balance.

  1. Loans based on income only allow many borrowers to qualify. The lenders will not perform a traditional credit check. However, they will want to verify income and employment and may use alternative consumer reports.
  2. Automatic drafts from a checking account assure prompt on-time payment. The borrower needs to provide bank account and routing number on the online request form to qualify.


Single mothers will find it difficult to qualify for a personal loan when they have a bad credit history and they are unemployed. You already have two strikes against you when completing your request.

  • Low credit scores indicate that you have a high probability of default
  • Unemployed means you have no income to support future payments

Avoid strike three. Demonstrate that you have alternative means to repay the lender on time and according to terms. Have the legal paperwork on hand to verify any of these other forms of cash support.

No Bank Account

Single mothers with a bad credit history and no banks account also find it difficult to qualify for a personal loan. Most non-prime lenders require this information to safeguard their investment.

  • Verifies that the person is real and not attempting fraud
  • Enables the lender to send funds electronically after an approval
  • Auto drafting the bank account ensures prompt payment

Open a checking account before borrowing money. Avoid a shady operation. Beware of any company promising a quick approval to someone with no ability to write checks or return the funds safely and securely.

Home Loans & Housing Programs for Single Mothers

Single parents with bad credit need a decent safe home to live and raise their children in. The big question every family faces is whether it is better to rent or own the place where you live. Government programs make each option more palatable.

There are pros and cons to both renting and owning. Apply the reality of your individual financial situation to determine which option works best.

Buying a Home

Home loans for single mothers with poor credit are difficult to obtain. Mortgage lenders consider three main factors when evaluating an application. You would need to compensate by over-performing on at least two other factors in order to qualify.

  1. Credit score should meet or exceed stated minimums
    • Fannie Mae – 620
    • Freddie Mac – 620
    • FHA – 580
    • USDA – No floor
    • VA – No floor
  2. Debt-to-Income (DTI) ratio should fall under ceiling guidelines
    • Front-end 28%
    • Back-end 36%
  3. Down payment size above 20% avoids mortgage insurance
    • FHA
    • USDA
    • PMI

Solo parents with only one income often find it hard to present both a low DTI and large down payment. The government (FHA and USDA) offers down payment assistance at a price: ongoing mortgage insurance.

Renting an Apartment

Single dads and moms often find that renting an apartment is the most affordable alternative. Living as a tenant helps solo parents who lack the resources to own a home.

Taking out a loan to rent an apartment is a desperate move best avoided. The property owner will spread the rent payments out over time anyway – without interest charges. Why pay interest when you do not have to?

Two instances make sense to borrow money.

  1. Fund the apartment rental security deposit
  2. Avoid eviction due to late payment

Look into government assistance and a local Bridge of Hope chapter before taking this step.

Government Housing Assistance

Government housing programs can often help single mothers with bad credit to access affordable apartment leases. The U.S. Department of Housing and Urban Development (HUD) targets low-income families for financial help paying for rental housing. You may qualify for three different plans.

  1. Privately owned subsidized housing
  2. Public housing
  3. Housing Choice Voucher Program (Section 8)

Bridge of Hope

The Bridge of Hope is a faith-based organization that provides single women and their children with rental assistance. Their ministry focuses on single moms because they make up 80% of homeless families – according to the Annual Homeless Assessment Report to Congress.

They believe that the church needs to be in a relationship with this vulnerable population in order to bless others and renew a sense of community. Licensed social workers partner with neighboring volunteers to help women and families in need.