New Purchase Home Loans

Let us help you find the home loan that you need to purchase the home that you need and want. We understand that special needs require special loans. Even if your past credit history is scattered with a defaulted loan or bankruptcy, we can easily help you through the process to get the bad credit home loan that you need.

Find a mortgage loan

This is a wonderful deal for someone wanting to reach the Dream of owning their on house, but has had some bad luck in the past with their finances. These types of mortgages are for people with credit scores under 600. As most of you know, the rankings range from around 300 up to 900. The higher the score the better off you are. Most of the scores on average throughout the United States are in the 600 to 700 range. Those who are always delinquent paying their bills, and especially people that fall behind on paying their liability by 1 to 3 months or more, will suffer with a poor report score. Once a score is below 620, it is considered poor.

Interest rates on bad credit mortgage loans

Lets face it, the rates for a bad credit mortgage is somewhat higher than the ones for those in a better situation. When someone with a sub standard history needs financing, the lenders may consider it is a high financial risk and they really are not sure if they will receive the payment on time or not at all. It is obvious that someone with financial problems and has been late or has not paid their bills at all may fall into this category. Mortgage payments and rent that is late maybe looked at more than some other bills.

Home mortgage refinance loan

Home equity and equity line of credit