Many Florida mortgage loan applicants don't realize that FHA mortgage loans can help Florida homebuyers with bad credit. If you have aÂ bad credit past and your looking for a Florida mortgage we may be able to help with one of the following:Â
The FHA mortgage can help you purchase a new Florida home with 3.5% down payment even if you are a Â bad credit. Even If youâ€™ve had accounts forwarded to collections, past bankruptcies or Foreclosures, high debt to income ratio, then you still may qualify for ourÂ bad creditÂ orÂ no credit Florida mortgage. These government backedÂ bad credit Florida mortgage loansÂ can work for Florida mortgage applicants that donâ€™t have cash for a down payment or closing costs. And they are a much better choice than aÂ Florida hard money loan.Â
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 experiencedÂ Mortgage LenderÂ with
a record of funding even the most difficult loans.
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
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 withÂ bad
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 FloridaÂ MortgageÂ professional
working on your behalf, you may be pleasantly surprised at theÂ bad
credit home loanÂ quote you get from our network of quality Florida
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 ourÂ Florida bad credit
home loanÂ specialists are happy to offer you free advice on how to
clean up your credit report in preparation for your home loan process.
For someÂ bad credit mortgageÂ 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 ourÂ Quick ApplicationÂ 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 aÂ bad credit home loanÂ 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 insuredÂ FHAÂ 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.
year fixed rate mortgages for persons with damaged credit to purchase
rate mortgages with one, three, or five yearÂ Interest
opportunities on loans for purchasing or refinancing single and doublewideÂ Mobile HomesÂ on
land for buyers with low FICO scores in Polk County and the other Florida
counties we serve;
range of Jumbo and SuperÂ JumboÂ 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 aÂ Florida bad credit mortgageÂ online using ourÂ Quick ApplicationÂ right