We own our home out right but need a loan to pay a bill, we also have bad credit, is this possible?
Bad Credit may make getting a loan difficult but not necessarily impossible. Qualification for a loan depends on a lot of factors besides the credit score. I have worked with borrowers who had "bad credit" but still were able to qualify for a loan based on other factors, let's talk, I may have a solution...

will fha approve condo with no central air?
Many older homes do not have central air, so as long as you fulfill the other requirements you could qualify for a FHA Loan. Also if the home is in need of repair, you may also want to consider the FHA 203k loan or the Fannie Mae HomeStyle Loan, which provide financing to buy the property and to remodel it in...