The demand for bad credit home loans has risen significantly and finally mortgage lenders are loosening their guidelines for home buying and refinancing with new loan programs designed to
help people with low credit scores.
Our Second Chance Financing program was designed to
help people with a low credit scores purchase a new or pre-owned vehicle.
These lenders offer low down payment mortgages and can
help people with a low credit score.
Not exact matches
While refinance under Making Home Affordable program may not benefit individuals
with excellent
credit, since they may already have
low interest rates, it is definitely of great
help for
people with mediocre and bad
credit scores.
People with a better
credit score or a high income may be able to negotiate
lower interest rates, but these factors will not
help a mortgage applicant get approved.
Some of our lenders offer non-conforming and poor
credit mortgage loans to
help people with low fico
scores rebuild their
credit and save money by consolidating their adjustable interest debts.
Upstart factors in different variables to get a better picture of its borrowers — including where they went to school and work history — which
helps them provide a more reasonable loan rate than what is typically offered to
people with limited
credit history or
low scores.
People with any income and
credit score can be approved, but these factors may
help to get a
lower interest rate.