Austin Texas Bad Credit Mortgage Loans
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We Specialize in Bad Credit Loans!!
Non – Conforming Loans / Subprime
****Competitive Rates****
619 credit score and below
Loan Amounts up to $2Mil
100% Financing
No Mortgage Insurance.
6% Seller Contributions
40 and 50 Year Terms – Now Available!
Interest Only Programs
Co Borrower has no credit score – Allowed
Allows higher debts ratios
No Reserves in most cases
Stated Income / Stated Assets
Self Employed - less than 2 yrs - Allowed
Bank Statement Program – Allowed
Private Verification of Rent – Allowed
Chapter 13 Bailouts
100% Financing 1 day out of BK
Foreclosure Bailouts
Federal Tax Liens on credit report – Allowed
Contract for Deed
Rural Property
*** In some cases you may still qualify for A+ Rates! |
Do You Have Bad Credit? |
- Have you declared bankruptcy in the past?
- Do you have less than 5 percent of the purchase price of your new home?
- Do you have a poor bill payment history, with a C to D- credit rating?
- Are you self-employed or unable to verify your income for the pass 5 years?
- Is your loan more than 28 percent of your monthly income?
If you answered yes to the majority of these questions, you most likely qualify for a non-conforming loan.
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To obtain a copy of your credit report contact: |
- Equifax: 800.685.1111
- Experian: 888.EXPERIAN (397.3742)
- Trans Union: 800.916.8800
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The following steps should prove to be helpful in maintaining a good credit score: |
- Obtain a free report of your credit rating.
- Remove any erroneous information from your credit report by sending the corrections along with written proof/copies of the erroneous information to all of the credit bureaus. (Under a new law, Consumer Reporting Agencies (CRAs) are responsible for correcting inaccurate or incomplete information in your credit report.)
- Pay off as many bills as possible. Don't make any major purchases.
- Do not allow several inquiries on your credit report.
- Allow us to shop around for you, complete our online home loan application.
- Let me know how I can best help you! I would be delighted to answer any questions or concerns you may have
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