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Bad Credit Rating

Bad Credit Rating - Even a borrower with a Bad Credit Rating may quailify for a mortgage.

A bad credit rating mortgage is obtainable for the purchase of a new home or refinance of an existing home loan.

Bankruptcy may result in a bad credit rating.
There are many mortgage programs available for people with past or current bankruptcies by calling 415-617-5448 or at [email protected].
We have programs where we ignore the bankruptcy altogether!

Very often, people have a bad credit rating as a result of high interest rate credit card debt, high car payments or other high monthly debt payments.
It is often beneficial to refinance this high interest debt into your mortgage payment.

Sometimes people have a bad credit rating as a result of identity theft.
Although additional documentation will most probably be required for a mortgage loan when the borrower has had their identity stolen, these people may still qualify for a mortgage.

If you have a bad credit rating but have been making all your payments on time for the last 12-24 months you should check into a FHA home loan. FHA home loans are not qualified strictly by credit score but rather by credit profile. If your mortgage broker can show with a paper trail that you have cleaned up your bad credit rating by trying to make timely payments the FHA underwrites more then likely will approve the mortgage.

Even though you may have a bad credit rating, you may not need to get a subprime loan for your home.

Some factors that can contribute to a bad credit rating are late payments on installment debt, debts that have been sent to collection agencies due to none payment, and liens or judgements placed against you by creditors. Other factors that can contribute to a bad credit rating are too many credit inquiries on your credit report and having high balances on your outstanding debt. Example: you have a car loan with an original loan amount of $20,000 and the balanced owed is $19,750.


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Please visit my other websites at
Milwaukee Mortgage Lender
Wisconsion Mortgage Refinance
Wisconsin Mortgage Lender
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Loan Officer | New York Million Mortgage Loan | Bad Credit Rating
This is not a commitment to lend. Restrictions may apply. Information is subject to change without notice. All loans are subject to credit approval. Equal Housing Opportunity.
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