There comes a point in most peoples lives, where home ownership is their number one goal. Unfortunately, getting a loan to purchase that home is sometimes harder than we think. Mortgage loans can come from a variety of loan providers, each with their own criteria.
While some loan providers require a certain credit score to obtain a loan, others have a lower credit threshold. FHA Loans, for example, requires a minimum 580 credit score before you can apply. This is great for those people looking at home ownership that might have had some financial issues in the past. It can take a long time to recover from some things, such as bankruptcy, foreclosure, and charge-offs.
One of the most searched terms on Google for people that are looking for mortgage loans, that have had past issues, is bad credit loans. People search every day for someone that will help them achieve their dream of owning their own home; even with their past looming behind them. If you are in Florida there is good news; Associates Home Loan is the home of just who you are looking for.
“Associates is a conforming and non-conforming mortgage brokerage firm, specializing in alternative lending resources and flexible underwriting guidelines. AHL was created to help those individuals to obtain mortgage financing who had struggled with problems such as bankruptcy, foreclosure, and loss of income due to circumstance beyond their control.”
They provide many ways to secure funding for home ownership; nonconventional loans, and hard money loans are just a couple of options they have available. In addition, securing a larger down payment can help offset some of the risks to a lender. Sub-prime mortgages can be offered to those with bad credit, but they come with much higher interest rates. You can get an idea of what yours would look like by using the free tool at Mortgagecalculator.org while also getting some helpful advice on how you can improve your credit scores.
Home ownership should be something that everyone enjoys in their lifetime, and working towards better credit scores so you can get the right interest rate on your loan, should be high on the list of things to do. However, it is possible to start out on the bottom and work your way towards a better score, and a chance to refinance, while still owning your home.
Associates Home Loan can help you get the loan you need, to secure your home and your future. They have several loan options, and access to private lenders, as well as the resources, to help you succeed. Not quite ready for a home loan, and want to work towards a better score? They can help lead you in the right direction.
Already a homeowner that needs to take out a loan against the equity? They can help with that too. With the ability to provide loans as small as $15,000 up to $3 million, AHL is a company you want to contact to help with your loan needs. Bad credit doesn’t have to stop you from owning your dream home…home ownership is possible, with the right loan, and the right lender.