You don’t need flawless credit to get a mortgage

Try us!

We may be able to help you buy the property

you had in mind, lower your payment, or get cash out.

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Got Credit Issues? No need to fear!

These have been a couple of crazy years, so if you’ve had credit issues, then you’re in good company. There are a lot of people that have had all kinds of credit challenges. But there are all kinds of mortgage products for all kinds of challenges. Try us! We may be able to help you buy the property you had in mind, lower your payment, or get cash out.

7 Reasons for Low Credit Scores

Late Payments

  • Your credit history accounts for about 35% percent of your credit score.

Defaulting on Payments

  • If you don’t pay your credit card bill your accounts become in default.

Charge-Offs

  • Your accounts become written off by creditors when they think that you are not planning to pay your balances.

Collection Accounts

  • Creditors can hire or sell your delinquent debt to third-party debt collectors to try to obtain a payment from you.

Judgments

  • When a court system forces you to pay a debt. An unpaid judgement is much worse than a paid judgement.

Filing Bankruptcy

  • A way to clear debt that you can not pay.

Foreclosures

  • A legal process where your mortgage company obtains ownership of your home when you don’t pay your mortgage.

Residential Properties

Loan TypesTypical Minimum Credit ScoresMinimum time since BankruptcyMinimum time since Foreclosure
Conventional6204 years7 years
Jumbo6807 years 7 years
FHA5002 years3 years
Non-Prime5751 year1 year
ReverseNo minimum scoreNo minimumNo minimum
2nd Mortgages6404 years7 years

Investment Properties

Loan TypesTypical Minimum Credit ScoresMinimum time since BankruptcyMinimum time since Foreclosure
Long Term Rental6402 years2 years
Hard Money or Private Lending500+1 day out of Bankruptcy or better1 day before a Trustee’s Sale
Fix and Flip6401 year out of Bankruptcy or better2 years since Bankruptcy or better
Construction – Ground Up6802 years2 years

Your financial journey starts today

Let us help you get there.

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Contact Us

(657) 600 – 6909