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Amy Paula's Blog

By Amy Paula | Agent in Miami, FL

BAD CREDIT FLORIDA MORTGAGE LENDERS-3.5%DOWN-PAYMENT

BAD CREDIT FLORIDA HOME LOANS FROM BAD CREDIT FLROIDA MORTGAGE LENDERS

Getting a Bad Credit Florida Mortgage or a Hard Money Florida Mortgage with bad credit isn't as easy as it was a year or two ago. However, it isn't as impossible as some news reports make it seem. Many Florida homebuyers with bad credit and No Credit which reveal past bad credit sins still get to the land of Bad Credit Florida mortgage approval. Most Home Buyers and Refinance clients do so with the help of a skilled and experienced Florida mortgage lender who specializes in Florida bad credit home mortgages.

BAD CREDIT FLORIDA MORTGAGE LENDERS

Many Florida mortgage loan applicants don't realize that FHA mortgage loans can help Florida homebuyers with bad credit. If you have a bad credit past and your looking for a Florida mortgage we may be able to help with one of the following: 

BAD CREDIT FLORIDA MORTGAGE ADVANTAGES INCLUDE:

BAD CREDIT FLORIDA MORTGAGE

The FHA mortgage can help you purchase a new Florida home with 3.5% down payment even if you are a  bad credit. Even If you’ve had accounts forwarded to collections, past bankruptcies or Foreclosures, high debt to income ratio, then you still may qualify for our bad credit or no credit Florida mortgage. These government backed bad credit Florida mortgage loans can work for Florida mortgage applicants that don’t have cash for a down payment or closing costs. And they are a much better choice than a Florida hard money loan. 

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If you have what most people call
bad credit, and you are trying to obtain a Florida home loan in Florida, then we encourage you to work with an experienced Mortgage Lender with a record of funding even the most difficult loans.

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We have been helping borrowers with bad credit find the right lenders, gather their loan documents, and present complete loan packages to lenders for over a decade. Our technique really comes down to understanding what a underwriter is looking for and putting together a complete and thorough loan package.

For some borrowers, it's the only way to get a lender to say yes to a home loan. This is especially the case for a borrower with bad credit mortgageissues.

We know that a temporary set back like a job loss or car accident can leave you with damaged credit even though you have worked hard to meet all of your financial obligations for most of a lifetime. This episode can affect credit ratings quickly and adversely affect the loan process when applying for your Fl home mortgage.

We feel the borrower with less than perfect credit is the one who benefits the most from working with an experienced Florida mortgage lender. A good Florida mortgage lender knows which lenders have the best programs for borrowers with poor credit and knows how to present an application truthfully and ethically in the strongest light possible. No, we won't exaggerate or misrepresent the facts on your behalf; however, we will work to properly represent you and explain why the situation you are in exists.

Your credit report is the key factor for many of the mortgages we offer, but it is not the only factor. With an experienced Florida Mortgage professional working on your behalf, you may be pleasantly surprised at the bad credit home loan quote you get from our network of quality Florida lenders.

We can help you take an objective look at your home loan options regardless of your past credit history. Our experienced loan officers are very skilled at examining your credit report. And our Florida bad credit home loan specialists are happy to offer you free advice on how to clean up your credit report in preparation for your home loan process.

For some bad credit mortgage applicants, the hardest lifting takes place weeks before the mortgage application. It's never too soon to call 1-954-667-9110 to speak to one of our mortgage officers. If you have a weak credit report but want to get a mortgage or refinance your existing one, now is the time to get started. Use our Quick Application to find out more.

We have excellent rapport with many lenders who underwrite and service their own loans in house. Because they don't resell the loans they originate, these lenders can say yes to a borrower when banks that are more conservative have said no.

It's actually better for borrowers with bad credit right now than it was before 1990. Before 1990, if a borrower did not qualify for a conventional or government loan, he or she was out of home loan options. The emergence of lenders willing to serve those with poor credit has been a godsend for the borrower who recognizes that a bad credit home loan is a temporary loan.

Used properly with good financial planning, a subprime home loan serves the bad credit borrower for 2-4 years while he or she demonstrates the discipline to pay financial obligations on time. Once the healthier financial pattern yields a higher middle credit score, the borrower can apply for a government insured FHA home mortgage or a fixed rate conventional mortgage.

Even for mortgage borrowers with bad credit, our mortgage company has found ways to secure financing for a decade.

  • 30 year fixed rate mortgages for persons with damaged credit to purchase homes;
  • Fixed rate mortgages with one, three, or five year Interest Onlyperiods;
  • Limited opportunities on loans for purchasing or refinancing single and doublewide Mobile Homes on land for buyers with low FICO scores in Polk County and the other Florida counties we serve;
  • A range of Jumbo and Super Jumbo home loans for those borrowers seeking to purchase executive homes

Don't let credit dings prevent you from applying for a mortgage from one of Florida's fastest growing mortgage lenders. Call 1-954-667-9110 or apply for a Florida bad credit mortgage online using our Quick Application right now!

 


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