Bad Credit Home Purchase

There ARE special loan programs out there.

News Flash!  Not everyone wanting to buy a home has perfect credit.  A bad credit home purchase is possible!

The good news is that you no longer need perfect (or even good) credit to purchase a home.  As they say, “Life happens when you are busy making other plans.”   It seems that the mortgage industry is just starting to get the message.

Buying after a Bankruptcy? Foreclosure? Short Sale?

Over the past several months there have been huge steps made towards making homeownership possible for all.  For instance, did you know that you can now get a new FHA loan with a short sale, foreclosure or bankruptcy just 12 months ago?!  Probably not, as most people are still under the impression that you need to wait at least 2-3 years afterwards in order to qualify for a new mortgage.  THIS IS NOT THE CASE ANYMORE!  Read more

FHA Bad Credit Home Purchase

Speaking of FHA loans, did you also know that it’s possible to qualify for a new home with a 500 credit score?  All you need is 10% down and good enough income to support the payments and you’re on your way to taking advantage of this mortgage for bad credit borrowers!

These are just a few recent examples of loosening criteria in qualifying for a new home loan.  In order to be considered for some of these bad credit home purchase loan programs not available at your local bank…

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