| B/C
Credit (blemishes on your credit)
Investors
usually "grade" a borrower's credit. Different
investors grade differently. It doesn't matter
what your credit is like or how an investors "grades" your history, we search to find the maximum loan amount at
the lowest rate.
Zero
Down and 100% Loans
Whether
you are buying a home, debt consolidation or pulling out cash,
there are 100% products available.
Low
Fico
FICO is a credit scoring system developed by credit repositories.
With a possible high score of 800, most conforming loans require
a 680 score. In the non-conforming area scores are
not a major factor.
Bankruptcy
Unlike
conforming lenders which typically require 4 years since discharge
and excellent credit history to grant a mortgage loan, we
can get you a loan with only 1 day since your Chapter 7 discharge. There are programs that can take you out of a chapter 13 before
its completion.
Foreclosure
Although
the market has gotten tougher in this area, we can still help
you redeem your property and start with a fresh mortgage if
you call soon enough.
Debt
Consolidation
There
are many options available for debt consolidation. We
can either secure a new first mortgage or a second mortgage.
There are even investors that will lend up to 125%
of the value of your home.
Non
Conforming Properties
We
can find mortgages for rural properties, manufactured homes,
modular homes, large acreage, high rise condos, mixed
use properties, in addition to the normal, single family residences,
duplexes, 2-4 units, condos and townhouses.
Self
Employed and Alternate Income Documentation
Many
mortgage companies shy away from the self employed borrower,
not Fresh Start Mortgage. Some investors will
allow the use of tax returns, personal and or business bank
statements.
Stated
Income
Sometimes
even bank statements and/or tax returns won't prove a borrowers
income. We can then look at stated income products.
Stated income is just that, the borrowers income is stated
on the application. As long as other criteria is met
the income will not need to be verified. |
