Five Companies to Consider if Your Credit is Less than Stellar for a Home Loan

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Five Companies to Consider if Your Credit is Less than Stellar for a Home Loan
source: firstcitizens.com

Finding the perfect two-car garage home with a white picket fence is part of the American dream. But what if your credit score is below par? Don’t despair –– plenty of companies specialize in working with people with less-than-perfect credit to get a home loan. This article will dig deeper into five: the BadCreditHomeLoan website, National Home Loan Assistance, The House Buyer’s Korner, Credit Solutions of America, and The Associates Home Loan of Florida.

1. The Associates Home Loan of Florida

The Associates Home Loan of Florida is a direct lender that offers home loans to people with bad credit. They are a highly reputable company with an A+ rating from the Better Business Bureau and have been in business since 1998.

They offer a variety of loan programs, including FHA loans, VA loans, and conventional loans at competitive interest rates.

They also have a program specifically for people who have filed for bankruptcy called the Second Chance Loan. This program requires a down payment of 10%, but you may be able to finance the rest of the loan. You can apply for a loan on their website or over the phone.

2. BadCreditHomeLoan.net

BadCreditHomeLoan.net is a website that has been helping people with bad credit find home loans since 1999. The website has helped over 250,000 people get approved with credit scores as low as 550.

The website has a form you can fill out to get started, and they will match you with a lender. Once paired, you work directly with the lender to complete the loan process. This is a free service; there is no obligation to accept any loan offers you may receive.

3. National Home Loan Assistance

National Home Loan Assistance is a non-profit organization that has been providing education and assistance to homeowners since 2002. They offer a program called the Homeownership Preservation Foundation, which helps people with subprime loans avoid foreclosure.

According to the website, they have helped over 3 million people nationwide and have a success rate of over 90%. They offer a free consultation to see if you qualify for their program.

4. The House Buyer’s Korner

The House Buyer’s Korner is a website that provides resources and information for people looking to buy a house. They have an extensive library of articles on topics such as credit, financing, and the home-buying process.

They also have a section of their website dedicated to helping people with bad credit find a loan. They have a list of lenders that work with people with bad credit and tips on improving your credit score.

5. Credit Solutions of America

Credit Solutions of America is a company that specializes in credit repair. According to their website, they offer a free consultation and review of your credit report. Once you apply to their program, they will work with you to create a customized plan to help you improve your credit score.

They also offer a home loan program for people with bad credit. This program will help you get a loan with more favorable terms, such as a lower interest rate or a more extended repayment period.

Final thoughts

Don’t give up if your credit score prevents you from getting a home loan. There are plenty of options available. Do some research and find a company that best suits your needs. Be sure to read the reviews and compare interest rates before you apply.

Most importantly, don’t let bad credit stand in the way of your dream of homeownership. With a little effort, you can find a lender that will work with you to get the loan you need.

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