Welcome to Bad Credit Mortgage Help. We are advocates for people with past credit problems and experts at helping people with imperfect credit qualify for a mortgage with reasonable terms. We offer Home Loans for people with past credit problems at the Lowest Mortgage Rates in the country. We have decades of experience with many Bad Credit Mortgage programs such as FHA Home Loans, VA Home Loans, FHA Streamline Refinances, VA Streamline Refinances, USDA Rural Housing Loans and more.
To find out what you qualify for, please fill out our inquiry form to set up a free consultation.
APRIL 2008
April, 2008 New FICO Scoring Model
A new credit scoring model by Fair Isaac Corp (FICO), the most popular and widely used credit scoring system, will be rolled out soon in an effort to more accurately portray consumers likelihood of repaying debts.
The model will downplay the significance of occasional derogatory items for consumers with an otherwise clean history, but will penalize repeat offenders more harshly. Also, the new scoring system will give more points to consumers with a good ...
Your credit isn't bad- it just doesn't exist. You don't believe in credit cards, auto loans, student loans, or any other kind of debt. If you don't have the money, you don't buy it!
This is not a bad way to live. You are assured to not go into debt and get into a bad position.
There has been increasing discussion in congress and the white house about modernizing the FHA mortgage program in an effort to help millions of home owners avoid foreclosure and get into a stable, government-backed mortgage.
FHA has been around for decades, and is known for helping people with spotty credit records get into a home with a stable, 30 year fixed mortgage. Although FHA does have looser underwriting guidelines than many programs, there ...
The USDA Rural Housing home loan program has been a popular choice these days. The program has flexible underwriting guidelines and can help some home buyers get into a home with nothing down at competitive rates.
Some of the highlights of the USDA Rural Housing program are:
No down payment requirement
Can finance up to 102% of home's value or sales price
