House Loans for Bad Credit
Getting approved for home financing can be stressful and that's why we dedicated so many professionals to helping applicants meet the requirements of housing loans with bad credit. For years, Nationwide Mortgages has been providing helpful information to first time buyers with house loans even if the borrower has limited, no or poor credit.
Get Approved Today for an Affordable House Loan with Bad Credit!
- FHA House Loans with Limited Credit OK
- Zero Down Mortgages
- 100% Purchase Mortgage Programs
- Home Loans with No Deposit Required
- No Fees to Apply
- No PMI Options
- Competitive Interest Rates
- $0 or Low Down-Payment Programs
Talk to loan officers that present the various housing loan options that meet your criteria so you can make a sound decision. Choosing the right type of loan can be a critical component of your housing budget for many years.
Find House Loans for People with Poor Credit: In today's market if you have a credit score between 500 and 620 your will likely need a non-traditional mortgage or government loan program for bad credit, like VA or FHA. In the last 5-years the Federal government has increased their market-share significantly with house loans for people with bad credit. Now people have the opportunity to qualify for a FHA house loan, just one year after a foreclosure or bankruptcy.
The VA finance program has no minimum credit score requirement, but the Department of Veterans Affairs does require borrowers to be below 41% with respect to their total debt ratio. The VA product is truly the best 100% financing option for house loans with bad credit. The USDA also offers no money down house loans for rural properties. Talk to lenders today about house loans for people with bad credit.
In today's real estate climate, we are noticing many lending sources are relaxing guidelines and easing requirements. For example, in the past, the Federal Housing Administration required that applicants that had a past foreclosure or bankruptcy to show at least 36 months of timely payments. Today the FHA reduced that requirement from 36 to 12 months so applicants have new financing opportunities with competitive market rates. Many people with bad credit ratings are getting a second chance to reduce the housing expenses with a new home purchase or a refinance. How to Get a Mortgage After a Bankruptcy.
Lenders Announce Eased Credit Standards on House Loan Programs for People with Low Credit Scores
We are pleased to report that credit requirements have been eased on several mortgage programs from FHA insured and private money sources. Find out if these bad credit house loan programs would benefit you. Talk to lenders now and get help buying a home with bad credit.