Bad Credit Home Loans

All bad credit home loans are now strictly fico driven. If you are purchasing or refinancing a home following table is a guideline for sub prime or imperfect conventional loans. All loans are fully documented income loans. Stated income requires higher scores and a minimum score of 700 is needed.

All bad credit refinance loans in this economy are also Fico driven. If you are refinancing a home loan this following table is a guide for imperfect  credit or sub prime conventional loans as they were called.  Incomes need to be documented. There are fewer programs with stated incomes but they requires higher scores and a minimum score of 700 is needed.

Down payment means having cash in hand or available in near future.If you don’t have the down payment, you can still get a gift,have the seller carry a note as a second mortgage, or improve your credit scores.

• For example if you have a 600 middle Fico score, and have $2000 in the bank than the transaction will not work, unless you do the above to change your situation.
• Recent bankruptcy in the last 12 months is OK.
• A minimum of 530 middle score is needed for all borrowers on most bad credit refinances.

We can pre-qualify you with a basic loan application and a mortgage credit report which costs $10 for all three bureaus, and we look at all three scores if you had any credit problems. A mortgage credit report, is not the same as a consumer credit, report available to you. Reasons to use our bad credit home loans programs:

• We staunchly advocate our clients, dedicated to giving you the best service you deserve with dignity.
• Our loans are geared toward people with bad credit histories and who cannot qualify elsewhere.
• We can fund our own loans, and have relationships with dozens of other unique lending sources giving you more flexibility and real time solutions.
• We don’t penalize you for past credit performance. Our loan team focuses on future financial needs and improvement.
• We are an independent entity, so we are able to make decisions about your loan directly. This streamlines your loan process and ensures a better outcome for loan approval.

To find out how easy it is to get your bad credit home loan approved complete our quick loan application. It takes minutes, and finds you a solution your are looking for.   Apply Now Loan Application