If you are looking for information on how to buy a house with bad credit,
consider this…
With rents on the rise and mortgage interest rates at near all-time lows, I wouldn't be surprised if you are thinking about getting off the fence and into the market.
New mortgage programs are now available to home buyers with less than average credit.
In fact, our new programs allow even lower credit scores (down to 550) and shorter waiting periods since Bankruptcies, Foreclosures and Short Sales.
Here is what makes up your credit score:
According to Fico.com, last year, the average national credit score was 692.
Do you need a score that high to get a decent home loan?
No, you do not.
Not unless you apply for a home loan with a major bank, in which case you will generally need excellent credit (expect 720–740 minimum credit scores), a larger down payment and significant income in relation to your debts.
Our programs will allow a small down payment with a credit score of only 580. That's more than 100 points lower than the national average.
I am sure you are wondering how we offer this?
We have direct wholesale relationships with several of the largest mortgage banking companies in the nation that specialize in these types of home loan programs.
Using this approach since 1991, we have helped thousands of home buyers enter the market with confidence.
Whether you are a first time buyer or just trying to get back into the market, our process is really simple and I know you can do it.
So what are you waiting for?
Are you ready to see how our flexible loan programs can help you purchase a home?
Call 800-607-1941
Posted by: Brian Bush
Brian and his team have been funding Real Estate Loans for over 25 years. Since 1991, they have funded over 1.5 Billion Dollars in loans. You can reach Brian at 800-607-1941 x220 or bbush@slglends.com
