We offer a home loan program that has NO credit score requirement - we don't care what your credit score is. We like to see no or very limited bad credit in the last 12 months. Our typical customer has a credit score of between 520 and 560. But we've done loans for people who had credit scores below 500. We take a look at your entire credit picture, not your credit score. The loan is a 97% loan (3% down payment) with a current (as of today) 30 year fixed interest rate of 7% (APR of 7.9% - have to disclose APR per RESPA - but APR is NOT your interest rate). There is no pre-payment penalty. We are a mortgage banker, NOT a broker. This is our own in-house program. We pre-approve, underwrite, and fund in-house. I can do home loans in Texas and Colorado. I think our company can do loans in other States, but not sure. I just don't deal with loans in other States. But if you live in another State, you can email me and let me know where you are buying and I'll forward the email on to our corp. office and see if they can do the loan there. This program also allows for a Chapter 7 Bankruptcy. The bankruptcy must be discharged 12 months and no bad credit that was incurred after your bankruptcy. This is a "common sense" home loan. We base the loan decision on your recent credit (last 12 months) and the reason for the previous bad credit. We believe everyone has tough times sometimes, and we all deserve a second chance. We are also looking for loan officers in Texas and Colorado, and possibly other States. Let me know if you have any questions. Pre-Qualifying is FREE.
