We know the past can haunt you, but our goal is to not let it affect your financial future.
The toughest stop on your mortgage journey doesn't have to be done alone.
Good people can have bad credit or past financial trouble. We believe that even people with bad credit deserve an affordable, high-quality home loan. With our dedication and experience, we can help you through a variety of credit challenges so you can purchase the home of your dreams!
From healthcare costs to divorce to lawsuits, bankruptcy can happen to anyone, including responsible people. If you have recovered your loses and you're ready to enter homeownership, your bankruptcy must be dismissed and your lender will look at your credit report to determine creditworthiness before moving into processing your application.
High Debt-to-Income Ratio (DTI)
Your debt-to-income ratio, or “DTI” is an important factor for future borrowing. Even if your current debt load is high compared to your income, there are creative ways to get you approved, including the use of bank statements or rental income for investment properties.
ITIN loans are a unique way to help individuals who may not be eligible for government-backed lending. Useful for non-U.S. citizens without domestic credit scores, these loans use different lending criteria to help people achieve the dream of homeownership!
Low Credit Score
If your credit is low, it should not keep you from purchasing a home. We take a common-sense approach to mortgage underwriting, taking into account your entire financial picture, not just the credit number.
If you have never used debt in the past, you may not have a credit score, which can create problems for borrowing. But it is not impossible! By using manual underwriting and other techniques, there are other loan types to explore that you can qualify for.
If you have gone through a short sale, then there are variable circumstances that will apply when trying to qualify for your next mortgage. A mandatory waiting period dependant on loan type, a 20% down payment, and proof of the extenuating issues that led to the sale are all potential hurdles you will face.
A tax lien won't prevent you from buying a home, unless the IRS is required to be in the first-lien position. They may require you to pay off your entire debt before applying for a mortgage loan.