Low Credit Rating
Alternative Programs
No money Down
102% financing available with no mortgage insurance on our USDA Rural Guaranteed Housing program. Some income and geographic restrictions do apply.
FAQ
Q: Can I get a loan if I have a foreclosure in my past?
A: Yes, at least 1 year must have passed since the foreclosure to get a loan, and the further back it was the easier it gets to get approved
Q: Do I have to payoff collections, charge offs, judgments, or tax liens?
A: We have programs that allow all collections and charge offs to remain open. Paying off judgments will be determined by the date and size of the judgment. Tax liens will always have to be paid prior to your loan closing because they are a lien that transfers to any property you buy
We have programs to provide financing for those who's past credit ratings does not allow for conventional financing to be approved. Ranging from low scores due to minor derogatory credit to more severe credit problems such as recently discharged bankruptcy or foreclosure. Collections in many cases may remain open depending on type and date filed.
Limited Credit
We now have programs that allow for limited credit and offer borrowers the opportunity to "build" a credit profile using non-traditional credit such as insurance and utilities that are being paid. These programs also offer the ability to qualify with a co-signer.
Credit Scoring
If credit scoring is sufficiently high, there are programs that allow us to disregard consumer credit late payments. This includes all borrowers on the application including co-signers.
Alternative Programs
No money Down
102% financing available with no mortgage insurance on our USDA Rural Guaranteed Housing program. Some income and geographic restrictions do apply.
Cash out Refinances
Maximize the use of the equity in your home by financing up to 75% LTV and 85% CLTV of the value of the home to pay off credit card debt or other loans to save you money.
Maximize the use of the equity in your home by financing up to 75% LTV and 85% CLTV of the value of the home to pay off credit card debt or other loans to save you money.
FAQ
Q: Can I get a loan if I have a foreclosure in my past?
A: Yes, at least 1 year must have passed since the foreclosure to get a loan, and the further back it was the easier it gets to get approved
Q: Do I have to payoff collections, charge offs, judgments, or tax liens?
A: We have programs that allow all collections and charge offs to remain open. Paying off judgments will be determined by the date and size of the judgment. Tax liens will always have to be paid prior to your loan closing because they are a lien that transfers to any property you buy