Less Than Perfect Credit

If your credit score is below the acceptable level for a conventional loan, you may still be eligible for a sub-prime loan. These kinds of loans typically have a higher interest rate than conventional loans, but we strive to ensure that our sub-prime loans are the most competitive in the market. It's good to know that these loans are usually designed for a 2 - 5 year period, so you have ample time to improve your credit scores and refinance as soon as possible into a conventional loan.

It is imperative that you review your credit report with your loan officer to ensure that the information being reported is correct. If the information is reported incorrectly, your loan officer can provide you the proper guidance to have these errors corrected.

Your loan officer, with the help of our credit agencies, can also perform a computerized analysis of your report to see if there are avenues available to improve your score. Some of these include paying off balances, transferring balances, and opening new accounts. None of these examples should be utilized unless your loan officer has determined their usefulness in raising your credit.

Remember credit scores are not the only factor in determining mortgage eligibility, but they are a major factor. People's financial facts are a fact of life and we're happy to help you make the most of your financial situation if we can.