Bad Credit Personal Loans for people with Poor Credit Rating, Tenants Loan, Homeowners PCF, poor


poor credit mortgage

Poor credit mortgage

Previous or current credit problems don’t have to hold you back from getting the finance you want. Even if you’ve had CCJs, arrears, are self employed or have no credit history – fortunately there are a few lenders who specialise in offering mortgages, credit cards and loans for people with a bad credit rating.

Specialist lenders understand that just because you have run into financial problems in the past, it doesn’t necessarily follow that you will be unable to meet your financial commitments in the future. They provide poor credit loans to many types of applicants – even discharged bankrupts – as long as the borrower can afford to meet their monthly repayments. Loans are available for both tenants and homeowners with bad credit history.

If you have run into serious arrears, perhaps because you get divorced, fall ill or lose your job, you’re likely to have a poor credit rating. Minor blips on your credit record, such as missing a credit card payment, failing to pay a parking ticket or forgetting to settle a utilities bill, can also affect your eligibility for credit.

Most mainstream lenders will reject applications from people who have a bad credit history such as County Court Judgements CCJs, defaults and bankruptcy. You can also be rejected for a personal loan or mortgage for a wide range of relatively minor problems such as not being on the electoral roll, not having a bank account, receiving income benefits and even making several applications for credit in a short space of time. Figures from analyst Datamonitor estimate that 9.1m people were refused credit by mainstream lenders in 2005.

Poor credit mortgage Getting credit can sometimes seem like an impossible task and it’s easy to get despondent if you’re turned down. The truth is no one has a right to get credit or to be given a reason why credit has not been granted.

The adverse credit market has become far less competitive in recent years with the differentia in rates between bad credit and good credit products increasing significantly. However, a few reputable lenders still offer bad credit loans, credit cards and mortgages for people with bad debts, CCJs or even a past bankruptcy on their credit file.

Contrary to popular belief, there is no such thing as a credit blacklist detailing people who shouldn’t be lent money. Each lender will have their own criteria for determining whether to accept you as a customer, they will use the information you provide on the application form and the contents of your credit file to make a calculation on your “risk” as a potential customer.

Use the search facility above to find UK lenders who will accept applications from people with bad credit history.

Each time you apply for credit, the lender will carry out a search with a reference agency to help establish whether or not you are creditworthy.

Lenders use credit scoring to decide who to lend money to. You earn a certain number of points for each bit of information in your application.

A few simple tips on how you could give your credit score a push in the right direction.

Research suggests that those “systematically denied credit by mainstream lenders” will increase from 7 million to 8.6 million by 2011.

Remortgaging or taking out a loan to consolidate debt is a popular way of reducing credit card and loan repayments. But do the risks outweigh the gains?


Low Credit Score Borrowers Can Still Get a Mortgage, poor credit mortgage.#Poor #credit #mortgage


Mortgage possible with credit problems

Poor credit mortgage

Fear of a loan denial has led some consumers with low credit scores to simply not bother applying for a mortgage. But, while you’ll still have to provide proof of your income and assets and an explanation of your low credit score, it is possible to get a mortgage with a low credit score from some lenders.

“Your credit score is a piece in the qualification puzzle, but it’s not the whole puzzle,” says Josh Moffitt, president of Silverton Mortgage Specialists in Atlanta.

‘Fair’ to ‘poor’ is considered a low credit score

There aren’t any hard lines between a “good” and “bad” credit score. The scores break down like this:

Credit score

A number, roughly between 300 and 850, that summarizes a consumer’s creditworthiness.

The higher the score, the more able and willing a consumer is to repay a loan, lenders believe. The best mortgage rates and terms go to borrowers with credit scores of 740 and higher. Generally, a “low” credit score is in the “fair” to “poor” ranges below.

740 and higher = excellent

661 to 739 = good

601 to 660 = fair

501 to 600 = poor

500 or lower = bad

Is your credit mortgage-ready? Get your free credit score at myBankrate.

Borrowers’ credit scores are falling

Lenders in 2014 were approving more loans with lower credit scores. According to mortgage software provider Ellie Mae, 33 percent of closed loans in spring 2014 were for borrowers with a credit score below 700, compared with 27 percent a year earlier.

Borrowers with low credit scores often get FHA loans

Lenders are typically more lenient with credit qualifications for borrowers who opt for government-insured Federal Housing Administration loans.

Carrington Mortgage in Santa Ana, California, accepts applications from borrowers with a credit score as low as 550 for FHA loans, with minimum down payments of 10 percent.

Demand is there for low-score borrowers

“There’s a huge segment of underserved borrowers today,” says Ray Brousseau, executive vice president of the mortgage lending division of Carrington Mortgage Services. “In 2005, 1 out of every 7 loans were approved for borrowers who had a credit score under 630. By 2013, 1 out of every 500 borrowers had a credit score that low.”

3 things about getting a mortgage with a low credit score

  • Lenders are becoming less strict about credit scores.
  • Some lenders see a difference between irresponsible applicants and those who lost jobs.
  • Proving a year of on-time rent payments could be helpful.

Brousseau says that Carrington has been able to offer loans to borrowers with low FICO scores because employees have experience in managing subprime loans.

“We invested in people with expertise in manually underwriting loans and making common-sense decisions about borrowers, and they’re joined at the hip with servicers who talk directly to borrowers and help them manage their loans,” Brousseau says. “Our loans are perfect for the group of people that got caught up in the recession and lost their job or had their hours or pay cut or had to move and take a loss on their home.”

Automated and manual underwriting

Two methods that lenders use to approve or deny mortgage applications:

  • Fannie Mae and Freddie Mac have software programs (Desktop Underwriter and Loan Prospector) that can automatically approve loans based on the borrower’s credit score, income, total debts and other criteria. That is automated underwriting.
  • In other cases, the lender may approve loans based on the lender’s judgment. That is manual underwriting.

Qualifying for a low-credit mortgage

Moffitt explains that lenders run loan applications through automated underwriting systems from Fannie Mae or Freddie Mac. The applications must meet the standards established by their investors.

“If a loan doesn’t make it through the automated system, you can look at it manually and find out why the credit score is low,” Moffitt says. “Sometimes investors will allow a loan to be approved with a low credit score but with other compensating criteria, such as having six months of cash reserves in the bank or no late payments for the past 12 months.”

How to improve the odds of approval

Moffitt says you increase your chances of an approval if you can verify that you’ve paid your rent on time for the past 12 months and that you won’t have a payment shock on your housing payment.

“If you’re paying $500 a month in rent, then we wouldn’t want your payment to go above $750 if you also have a low credit score,” Moffitt says.

Another way to offset the impact of poor credit is to make a bigger down payment, particularly a payment of 20 percent or more. If you can only go from 3.5 percent to 5 percent for your down payment, Moffitt says, you’re better off keeping the extra cash in reserve.

Explaining a low score

Borrowers with a lack of credit history and therefore a low score can sometimes overcome their score with nontraditional forms of credit such as utility and rent payments. If you have a long credit history and a low score, you’ll need to explain it.

Some of the common issues that can cause your credit score to drop but which lenders view as less risky are issues with a late medical bill or student loans, says Moffitt. He says a default on a car loan would be much worse than those financial issues.

Lending is a judgment call

At Carrington, borrowers with a low credit score must go through an educational process to make sure they understand their loan.

“We make sure that if there’s a potential problem with the borrower, we won’t make the loan,” says Brousseau. “Just because FHA guidelines say a loan is permissible doesn’t matter because our underwriters will make decisions based on common sense.”

If you’ve got a low FICO score, consult with a few lenders to see if your reasons for your low score can be overcome enough for a loan approval.


Mortgage Lenders for Refinance, Home Loans for All Credit, poor credit mortgage.#Poor #credit #mortgage


Mortgage Lenders Offer Great Refinance and Home Loan Solutions for People with All Types of Credit

BD Nationwide provides a site for competitive 1st and 2nd mortgage loans for cash out refinancing, consolidation, first time home buying and much more. Our lender partners offer exclusive programs featuring 15 and 30-year home loans for VA, FHA, second mortgage and purchase money transactions. Visit our online marketplace where consumers get matched with prime lenders that specialize in credit lines, equity loans, fixed rate refinancing and home buying mortgages.

Poor credit mortgage

Poor credit mortgage

Poor credit mortgage

Poor credit mortgage

Are you looking for mortgage lenders that offer competitive rates and great customer service? Let us connect you with lenders that can help you find the most attractive equity loans and home refinancing programs available. Find out how renters become homeowners from 100% financing and affordable purchase mortgages. It is still an excellent time to compare our lenders that recently introduced more aggressive guidelines on the first-time house buyer loans and mortgage refinance programs as well. Freddie Mac says, “the fixed 30-year rates may be a once in a life time opportunity to lock into a record low interest mortgage.” Rates on purchase, equity loans and mortgage refinancing may never be this low again. With house financing this affordable, it could be very risky to assume that interest rates will continue to fall any further. Standard mortgage refinancing with cash back options remain aggressive with home equity loans and credit lines. Ask your loan officer for specific product requirements, eligibility and FHA guidelines, limits and current rates).

Get More Info on Mortgage Refinance and Home Equity Loans for All Types of Credit!

BD Nationwide Mortgage has maintained its corporate headquarters in Southern California since 2001, but our lending partners have expanded to all 50 states to offer prime, jumbo, government and subprime mortgage loan services to consumers nationally. We recommend that homeowners take advantage of the Federal Reserve’s record low-rates for equity loans, credit lines, and second mortgage refinancing. If your property has lost some of its value, or you are having difficulty qualifying, ask one of our lending specialists about the latest underwater and second chance loan solutions. Whether you need a loan to purchase a new home or disclosures for secure mortgage refinancing with fixed interest rate, BD Nationwide can match you with lenders that have the experience you need when searching the best home mortgage loan online.

Poor credit mortgage

BD Nationwide will unite you with experienced lenders that have assembled talented staffs in an effort to meet your financial needs. We provide outside of the box 1st and 2nd loan opportunities that maximize the best refinancing mortgages that are available with your credentials. Second When you are shopping online for home refinance loans then consider some of the new programs that may best your needs. We have found that most consumers are looking for mortgages that will not only save them money up-front but also on an annual basis as well.

Many borrowers have significantly improved their financial state after refinancing their high interest revolving credit cards and consolidating their adjustable rate debt together into a reduced payment that is accompanied by a fixed, simple interest loan. So, submit your request for more information today and take advantage of BD Nationwide’s excellent customer service.

We take great pride in introducing you to competitive mortgage lenders for refinance and home buying. Whether you need a no doc mortgage or a bad credit HELOC, we have the perfect system to match you with experienced lending professionals tailored best to meet your needs. Our goal is to always provide you with the best opportunities while meeting your needs with diverse lending products.

Compare Competitive Mortgage Lender Quotes on No Cost Home Refinance Loans

If you have a variable rate credit line, we recommend a 2nd mortgage refinance because the rate is fixed and each payment you make would go towards principal and interest rather than just interest like it is with HELOCs. According to Kevin Margulies, an IHE executive, Now more than ever, homeowners should seek the expert advice from the ‘Mortgage Lenders from BD Nationwide. Our affiliated lenders continue to post competitive home equity rates. Even if you have been denied a loan approval, we suggest you ask about mortgages for bad credit as new programs are released all the time. The hard money and subprime programs aren’t the only opportunities to see home loans for people with bad credit, as FHA continues to take risks.

Poor credit mortgage

Check pricing now from trusted banks, lenders and brokers: Second Mortgage Rates, FHA Mortgage Rates Today


Bad Credit Mortgage – Buy or Refinance Bad Credit Mortgages, poor credit mortgage.#Poor #credit #mortgage


Bad Credit Mortgage

Poor credit mortgage

Bridge delivers bad credit mortgage solutions online with VA, FHA loans and subprime refinancing for good bad credit mortgages. We provide mortgage relief options for all types of credit for residential financing. As a national lender we are one of the few lenders that work with borrowers suffering from poor credit or a lack of equity. As a bad credit mortgage lender, we make home financing available with refinancing and purchase loan solutions that help prevent people from foreclosures and payment defaults. As the economy is beginning to turn around, our underwriters are able to eliminate some of the red tape associated with bad credit mortgage programs. Don’t wait for interest rates to turn directions before solidifying your financial situation with regards to your home loan.

Quick and Easy Approvals on Mortgages for People with Bad Credit

Refinance Bad Credit and Save with Fixed Mortgage Rates and Reduced Lending Fees!

Most people are refinancing with debt consolidation loans, credit lines, but many 1st time homebuyers are taking out home purchase loans. Bridge offers bad credit mortgages for both conforming and jumbo loan amounts. Bad credit second mortgage loans are more difficult to qualify for than in previous years. Bad credit Loan options are still available with FHA and VA mortgage loans.

Limited and No Credit Home Mortgage Loans for First Time Home Buyers

Borrowers with challenged credit can choose from FHA, sub-prime mortgages or hard money if they equity. FHA continues to promote liberal refinancing with equity because they allow rate and term refinancing and purchase loans. FHA mortgages also allow people who have poor credit access to programs like the cash back refinance loan that encourages debt consolidation and refinancing adjustable rate consumer loans. VA finance solutions enable military homeowners with bad credit to refinance into a more affordable payment.

Bridge Mortgages can help you with Refinance, Purchase and Home Equity Loans.

  • Credit Scores from 500
  • 100% Single Mortgage
  • Bad Credit Refinance
  • Consolidate Bills
  • Refinance for Cash
  • State Income Available
  • Bad Credit Second Mortgage
  • Hard Money Refinancing

Can I still Refinance My Home if I have Bad Credit?

Yes!В Bridge has helped thousands of borrowers with a poor credit history get approved for great loans. We can help you with refinancing your current loan, or get you qualified for a cost effective mortgage loan. We will help you compare interest rates for several loan programs. Our bad credit lenders offer solutions for bill consolidation, home construction, and cash out refinancing.

Refinance and choose a payment type that meets your financial needs: Select from Interest Only, Negative Amortization and Fixed Rate terms with Principal and Interest Paid each month. Bridge Mortgages has the knowledge and experience to find a mortgage program that works with your credit score and equity situation. Home loan rates have maintained affordability in 2012, but how long will the low rates last?

Bridge Understands the Challenges of Refinancing Bad Credit

  • 2/28, 3/27, 5/25: Fixed Rate with Interest Only Payments Available
  • 30, 40 and 50 year fixed rate terms available
  • 15 and 30 year Traditional Rate Term Refinancing
  • 15 and 30 year Fixed Rate FHA Streamline Refinance
  • 30 and 40 year Cash Out Refinance Loans

Unfortunately, things come up in life that cause good people to make credit mistakes that can result in poor credit scores. We have loan programs that are designed to get people with bad credit back on their feet. Credit repair programs can help, but often times they can take years to reverse bad credit. Many homeowners can’t wait years to refinance, so Bridge Mortgages offers a great opportunity to rebuild your credit and save some money by consolidating some debt into your mortgage.

Question: How long does someone have to be out of a bankruptcy to qualify for an FHA loan?

Answer:В Guidelines for FHA state two years must have elapsed since the discharge of the bankruptcy. However, between one two years may be acceptable if the bankruptcy was due to unfortunate circumstances beyond the borrower’s control. The FHA underwriters will consider this exception if they believe the credit problems is unlikely to recur, and the borrower has re-established enough good credit. Late mortgage payments after a bankruptcy usually will result in your loan being rejected. Buying a home with bad credit is still an option with FHA because they only require a fico score of 500.

FHA Home Loans for Bad CreditВ – Buying a home can challenging enough, so the last thing you need is to get hassled for limited or poor credit. FHA help thousands of first time homebuyers each year secure financing with a low fixed rate 30-year mortgage. Bridge Mortgages extends credit to borrower’s 1-Day out of Bankruptcy. FHA offer similar loan guidelines as subprime mortgages without the high interest rates.

Apply for a Mortgage with Bad Credit Now!

Quick Company Home Loan Links

More Commonly Viewed Home Loan Pages from Bridge Mortgages

Specialty Home Mortgage Loan PagesВ

Get Current Home Mortgage RatesВ

*All home loan rates, pricing, underwriting requirements and other requirements subject to change at any time without notice. Home loans for bad credit, FHA, VA, USDA, conforming and jumbo loans are all subject to lender approval from a certified underwriter. Certain restrictions may apply. Actual home mortgage rates may vary based on credit scores and market conditions. ** The initial variable rate may increase after the fixed rate period and is available on a loan to purchase or refinance owner-occupied, single family residence homes only. Find out what the interest rate is when you discuss you eligibilities with one of our participating lenders.

BridgeMortgages.com provides home loan and mortgage information at no cost to you. BridgeMortgages.com is not charging or seeking fees of any kind from consumers visiting our websites. This agreement remains in effect only as long as you seek to use the services offered by BridgeMortgages.com. You may discontinue this relationship at any time, without notice, at no cost or penalty to you. BridgeMortgages.com will not act as your home loan lender or credit provider. BridgeMortgages.com will pass along your inquiry to our lending partners and our lending partners will contact you with their offers. Filling out this request or contact form puts you under no obligations. By submitting your request, you grant permission for 1 to 4 broker or lender affiliates and other business affiliates to contact you at any number or email address entered so they can help you with your request. This authorization overrides any previous registrations on a federal or state Do Not Call registry. You agree that lenders, brokers or business affiliates may use an automatic dialing system in connection with calls made to any telephone number entered, even if the telephone number is a cellular phone or other service for which the called party is charged. This website cannot guarantee the lowest mortgage rate or best terms available in the market. BridgeMortgages.com is paid from loan companies and therefore we do not charge consumers for information or referral fees in conjunction with connecting people with mortgage lenders, brokers, credit unions or banks.

Not everyone will be approved. Programs, rates and loans terms are subject to change without notice.


Poor Credit Mortgage, bad credit mortgage.#Bad #credit #mortgage


Poor Credit Mortgage

If you have had financial troubles in the past, and you have a poor credit rating it does not necessarily mean a mortgage for a new home is out of reach. Maybe you went through a bad divorce, or your small business failed resulting in bankruptcy. Maybe you lost your job and defaulted on loans. Regardless of the circumstances there is still hope and talking to a mortgage broker can help you chart a course to a new home through a new mortgage giving you and your family a new future. Mortgage brokers have direct connections with hundreds of different lenders willing to lend to people with bad credit ratings.

The truth it is, these days bad credit mortgage approvals are becoming more common as the mortgage market becomes more competitive.

THE BAD MORTGAGE APPROVAL PROCESS

To get started any lender considering a bad credit mortgage application will assess the applicant to determine the level of risk.Every bank or lending agency has its own set of criteria to determine if an application should be approved. Some of the most common requirements for approval are listed here:

  • A HIGHER DOWN PAYMENT – With a perfect credit rating most lenders will require at least 5% down on a new home purchase. If you have a bad credit rating that figure can jump to 15%, and the thing to remember is the more money down you provide, the better your chances for approval.
  • PROOF OF INCOME – In order to qualify for any mortgage the borrower needs to provide proof of income, to prove they have the ability to pay off the loan. Lenders usually use a formula called a – Gross-Debt-Service-Ratio ( GDSR ) to determine how much of your monthly income will be used to service the mortgage. While many lenders will approve a bad credit mortgage with a GDSR of about 35%, it is recommended that home buyers keep their GDSR below 30%. This is basically the percentage of your income that needs to be used to make the payments on your mortgage every month.
  • PROFESSIONAL PROPERTY APPRAISAL – If you default on your loan, the lender will have the legal right to take control of the property and sell it to recover their money. That’s why the lender will require a professional appraisal. They need to be sure the property is worth more than the amount of the mortgage.
  • A CO-SIGNER – If you have bad credit a lender is much more likely to approve a mortgage if you have a trusted friend or relative who is willing to cosign for you. Having a reliable co-signer reduces the lender’s risk because if you are unable to make payments, the cosigner will be required to.

If you have bad credit, or no credit, you chances of securing a mortgage for a new home are still good, if you apply in the right places and take the right steps. A mortgage broker can help walk you through the process, and can improve your chances of obtaining the mortgage you need to secure a new future for you and your family.


CREDIT CARDS and LOANS for BAD CREDIT, bad credit mortgage.#Bad #credit #mortgage


Loans and Credit Cards for Bad Credit

Welcome! Since 2005, we have been dedicated to helping those with a bad credit rating rebuild their credit. We provide you with the knowledge and resources necessary for you to find the best loans and credit cards for bad credit, regardless if you have a poor credit score or past credit problems. We continously update our offers to bring you the best bad credit offers available.

If you are looking for the right offer to fit your financial needs or repair bad credit, please begin by choosing a category of offers below:

Compare the top 10 credit cards for those with bad credit and apply online instantly.

Compare auto lenders that approve people with a poor credit score.

Review the best services for debt relief and debt consolidation loans.

Need a cash loan to pay bills, take a vacation, or start a business? Apply now.

Compare options to repair your bad credit history and improve your rating.

Get a new home loan now at a great rate regardless of your past credit history.

Tips and Advice

► 5 Steps to Rebuilding Bad Credit

Bad credit mortgage

► Credit Crunch Shrinking Size of Personal Loans

Bad credit mortgage

► Inside the Brain of an Auto Lender

Bad credit mortgage

► Filing for Bankruptcy: Chapter 7 vs. Chapter 13

Bad credit mortgage

► Which Type of Home Loan is Right for You?

Bad credit mortgage

► Too Much Debt? How to Break the Debt Cycle

Bad credit mortgage


Guaranteed Finance Acceptance – Approval for Bad Credit Non Status No Credit Checks Credit Cards


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Mortgages for bad credit

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NO CREDIT CHECKS! NO APPLICATION FEES!

Mortgages for bad credit

Mortgages for bad credit

Mortgages for bad credit

Mortgages for bad credit

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Mortgages for bad credit

Why? Because we at Guaranteed Finance are 100% committed to helping you with the credit/financial services you need. We don’t like the terms “bad credit” or “poor credit” but we SPECIALISE in providing credit and obtaining approval for customers even if they have not so good credit status – even if you have no credit history or are looking for finance “non status”. We source ALL credit FAST!

Mortgages for bad credit

We can provide cards – credit, debit, prepaid | bank accounts – basic, personal, business | loans – payday, logbook, unsecured | mortgages – remortgages, secured, loans | purchase finance – car loan or lease, plasma tv, ps3, mobile phones contract or payg and catalogue accounts. With Guaranteed Acceptance No Credit Checks! Plus we can provide free help and advice on IVAs and bankruptcy.

Mortgages for bad credit

Mortgages for bad credit

Launch of new credit site! Want the latest mobile phone, 3d led tv or gadget but don’t have the cash right now? Then try Buy On Finance The best place to get what you want when you want all available on finance whatever your status!

Great new mobile phone site JustPhones.biz with over 1/2 a million deals available you’re sure to find the right handset, contract and tariff combination – no matter what your status!

Mobile Phones On Finance

Guaranteed no credit check mobiles available, we don’t like the term “bad credit” but even if your credit is not so good we can find the best contract deals incl. the Apple iPhone 4s FREE on contract!

New For Bad Credit!

Launch of new site. Aimed at the bad or adverse credit market this site arranges the best loans, mortgages, credit cards, bank accounts, insurance, car loans mobile phones + more whatever your credit status.


Home Loans for Bad Credit, FHA Mortgages – Refinancing, GovHomeLoans, bad credit mortgage loans.#Bad #credit


bad credit mortgage loans

Bad credit mortgage loans

It takes less than 30 seconds to move toward homeownership. And it is free. Let us help you.

Home Loans For Bad Credit

Are you wondering how to buy a home with bad credit? Do you know how to acquire a bad credit home loan? Thanks to the fact that they are government insured, the FHA (Federal Housing Authority) and FHA backed Mortgages, allow people to get home loans with bad credit; so you buy the home you ve been wanting. These “Bad Credit Mortgages” are not as expensive as some other home loans, and their relaxed qualifications help people every day stop being renters and become homeowners.

Most people consider owning a home at one point or another in their lives, but do not know what it takes to do so. What houses can I afford? How much is it going to cost? Do I have enough down payment? Will a bank lend to me? Perhaps you have gotten past that part and actually have gone to a bank to find you are not eligible for a home loan, but were not told why, or do not understand why. Then you re left with even more questions. Do I have bad credit? Do bad credit home loans exist? How can I get home loans for bad credit or even how to buy a home with bad credit? What is my debt to income ratio? What do I need to qualify for an FHA bad credit mortgage loan?

At Government Home Loans, we have answers and resources for every step in the home loan process, focusing heavily on FHA loans due to the relaxed guidelines and their ability to help the first time home buyer. Our goal is to give you a timeline and a plan to get you access to home loan that is both a safe, and responsible loan that you can succeed in.

We have highly trained loan specialists available to you, and we are committed to sharing all of our resources to get you into your own home with an FHA Mortgage. Whether you are a first time home buyer and are looking for home loans for people with bad credit, or have owned before but have been recently turned down, our specialists as well as many online resources can provide you the tools you need to attain your goals. Things have changed a lot, you can buy a home with bad credit now. Talk to one of our bad credit mortgage lenders or find the information that may help you right here on the website.


Bad Credit Mortgage – Buy or Refinance Bad Credit Mortgages, bad credit mortgage loans.#Bad #credit


Bad Credit Mortgage

Bad credit mortgage loans

Bridge delivers bad credit mortgage solutions online with VA, FHA loans and subprime refinancing for good bad credit mortgages. We provide mortgage relief options for all types of credit for residential financing. As a national lender we are one of the few lenders that work with borrowers suffering from poor credit or a lack of equity. As a bad credit mortgage lender, we make home financing available with refinancing and purchase loan solutions that help prevent people from foreclosures and payment defaults. As the economy is beginning to turn around, our underwriters are able to eliminate some of the red tape associated with bad credit mortgage programs. Don’t wait for interest rates to turn directions before solidifying your financial situation with regards to your home loan.

Quick and Easy Approvals on Mortgages for People with Bad Credit

Refinance Bad Credit and Save with Fixed Mortgage Rates and Reduced Lending Fees!

Most people are refinancing with debt consolidation loans, credit lines, but many 1st time homebuyers are taking out home purchase loans. Bridge offers bad credit mortgages for both conforming and jumbo loan amounts. Bad credit second mortgage loans are more difficult to qualify for than in previous years. Bad credit Loan options are still available with FHA and VA mortgage loans.

Limited and No Credit Home Mortgage Loans for First Time Home Buyers

Borrowers with challenged credit can choose from FHA, sub-prime mortgages or hard money if they equity. FHA continues to promote liberal refinancing with equity because they allow rate and term refinancing and purchase loans. FHA mortgages also allow people who have poor credit access to programs like the cash back refinance loan that encourages debt consolidation and refinancing adjustable rate consumer loans. VA finance solutions enable military homeowners with bad credit to refinance into a more affordable payment.

Bridge Mortgages can help you with Refinance, Purchase and Home Equity Loans.

  • Credit Scores from 500
  • 100% Single Mortgage
  • Bad Credit Refinance
  • Consolidate Bills
  • Refinance for Cash
  • State Income Available
  • Bad Credit Second Mortgage
  • Hard Money Refinancing

Can I still Refinance My Home if I have Bad Credit?

Yes!В Bridge has helped thousands of borrowers with a poor credit history get approved for great loans. We can help you with refinancing your current loan, or get you qualified for a cost effective mortgage loan. We will help you compare interest rates for several loan programs. Our bad credit lenders offer solutions for bill consolidation, home construction, and cash out refinancing.

Refinance and choose a payment type that meets your financial needs: Select from Interest Only, Negative Amortization and Fixed Rate terms with Principal and Interest Paid each month. Bridge Mortgages has the knowledge and experience to find a mortgage program that works with your credit score and equity situation. Home loan rates have maintained affordability in 2012, but how long will the low rates last?

Bridge Understands the Challenges of Refinancing Bad Credit

  • 2/28, 3/27, 5/25: Fixed Rate with Interest Only Payments Available
  • 30, 40 and 50 year fixed rate terms available
  • 15 and 30 year Traditional Rate Term Refinancing
  • 15 and 30 year Fixed Rate FHA Streamline Refinance
  • 30 and 40 year Cash Out Refinance Loans

Unfortunately, things come up in life that cause good people to make credit mistakes that can result in poor credit scores. We have loan programs that are designed to get people with bad credit back on their feet. Credit repair programs can help, but often times they can take years to reverse bad credit. Many homeowners can’t wait years to refinance, so Bridge Mortgages offers a great opportunity to rebuild your credit and save some money by consolidating some debt into your mortgage.

Question: How long does someone have to be out of a bankruptcy to qualify for an FHA loan?

Answer:В Guidelines for FHA state two years must have elapsed since the discharge of the bankruptcy. However, between one two years may be acceptable if the bankruptcy was due to unfortunate circumstances beyond the borrower’s control. The FHA underwriters will consider this exception if they believe the credit problems is unlikely to recur, and the borrower has re-established enough good credit. Late mortgage payments after a bankruptcy usually will result in your loan being rejected. Buying a home with bad credit is still an option with FHA because they only require a fico score of 500.

FHA Home Loans for Bad CreditВ – Buying a home can challenging enough, so the last thing you need is to get hassled for limited or poor credit. FHA help thousands of first time homebuyers each year secure financing with a low fixed rate 30-year mortgage. Bridge Mortgages extends credit to borrower’s 1-Day out of Bankruptcy. FHA offer similar loan guidelines as subprime mortgages without the high interest rates.

Apply for a Mortgage with Bad Credit Now!

Quick Company Home Loan Links

More Commonly Viewed Home Loan Pages from Bridge Mortgages

Specialty Home Mortgage Loan PagesВ

Get Current Home Mortgage RatesВ

*All home loan rates, pricing, underwriting requirements and other requirements subject to change at any time without notice. Home loans for bad credit, FHA, VA, USDA, conforming and jumbo loans are all subject to lender approval from a certified underwriter. Certain restrictions may apply. Actual home mortgage rates may vary based on credit scores and market conditions. ** The initial variable rate may increase after the fixed rate period and is available on a loan to purchase or refinance owner-occupied, single family residence homes only. Find out what the interest rate is when you discuss you eligibilities with one of our participating lenders.

BridgeMortgages.com provides home loan and mortgage information at no cost to you. BridgeMortgages.com is not charging or seeking fees of any kind from consumers visiting our websites. This agreement remains in effect only as long as you seek to use the services offered by BridgeMortgages.com. You may discontinue this relationship at any time, without notice, at no cost or penalty to you. BridgeMortgages.com will not act as your home loan lender or credit provider. BridgeMortgages.com will pass along your inquiry to our lending partners and our lending partners will contact you with their offers. Filling out this request or contact form puts you under no obligations. By submitting your request, you grant permission for 1 to 4 broker or lender affiliates and other business affiliates to contact you at any number or email address entered so they can help you with your request. This authorization overrides any previous registrations on a federal or state Do Not Call registry. You agree that lenders, brokers or business affiliates may use an automatic dialing system in connection with calls made to any telephone number entered, even if the telephone number is a cellular phone or other service for which the called party is charged. This website cannot guarantee the lowest mortgage rate or best terms available in the market. BridgeMortgages.com is paid from loan companies and therefore we do not charge consumers for information or referral fees in conjunction with connecting people with mortgage lenders, brokers, credit unions or banks.

Not everyone will be approved. Programs, rates and loans terms are subject to change without notice.


Mortgage Brokers, Home Loans Bad Credit, First Rate Mortgages, mortgage bad credit.#Mortgage #bad #credit


Accredited and Registered Mortgage Brokers – Nationwide

Mortgage bad credit

If you need help from a Mortgage Broker arranging a home loan for an existing home or a new build, refinance or commercial mortgage in Auckland, Wellington & Christchurch or anywhere in New Zealand just contact us.

First Rate Mortgages Limited is New Zealand owned and operated by Kim Lyons, who is the principal residential and commercial Mortgage Broker. He is supported by both Allan Nicol and Raymond Daniels here in Auckland, allowing the Company to provide excellent service over the greater Auckland area. Allan has an abundance of valuable knowledge as a home owner and family man and is our Specialist Refinance and First Home Buyer Mortgage Broker in the South and East Auckland, areas such as Howick, Botany, Pakuranga, Manukau, Flatbush and Otahuhu. Raymond has now joined the team and he is looking after West Auckland including the Hobsonville, Kumeu, Greenhithe and Whenuapai areas. Raymond has a wealth of banking experience having worked with ANZ here in New Zealand as a Business Manager plus started his banking career in South Africa. Together Kim, Allan and Raymond concentrate on arranging NZ Home Loans, Investment, New Builds, Refinance, Consolidation, Construction and Commercial Property Finance.

In 2012 Kim moved 20 minutes North from Castor Bay to Orewa on the Hibiscus Coast but continues to look after existing clients on Auckland’s North Shore, such as Takapuna, Milford, Browns Bay, Albany, Birkenhead and Auckland Central Business District.

With Kim now in Orewa, which is a massive growth area for new builds in the Millwater / Silverdale / Whangaparaoa area, he sees the opportunity to help new home buyers with construction or home and land packages with a focus on low deposit home loans, helping new home buyers get on the property ladder. The great news is that the 10% deposit required for a new build is outside current restrictions on low deposit lending!

The West Auckland area of Avondale, New Lynn, Henderson, Te Atatu, Hobsonville and north to Helensville can be looked after by Raymond with Kim providing back up as required, depending on a clients requirements.

With clients now all over New Zealand especially in Tauranga, Hamilton, Wellington and Christchurch, we can honestly say we offer a great service both personally, when we can meet clients, and also via the internet, phone, fax and scanner!

Mortgage bad credit

Kim Lyons has many years of knowledge and experience, having been a Mortgage Broker for 16 years and prior to that working with ANZ Bank as an Assistant Lending Manager in Newmarket, then Branch Manager Newton and then Takapuna, before becoming one of the ANZ’s first Mobile Mortgage Managers in Auckland.

Together Kim, Allan and Raymond can help you buy or build your new dream home, even with a low or gifted deposit, establish a rental portfolio, finance a construction project or provide urgent help, in those challenging times, with urgent refinance, perhaps to stop a mortgagee sale, bridging finance or debt consolidation. Kim and Raymond are also very experienced with commercial and development funding proposals.

Currently with activity at a new high, Kim Lyons and the team are getting many enquiries from home buyers in Auckland and those selling up to move out of town all cashed up. Others are looking to buy a rental, say in Tauranga, as they wish to plan for retirement and know they will not stay forever in the big smoke! Other enquiries are resulting in loans being approved to help first home buyers with a low deposit of say 10%, commercial property investors, or commercial owner occupiers. Many are also looking to refinance and consolidate debts, plus there has been a significant increase in the number of online enquiries for bad credit home loans, second mortgages, or to catch up on mortgage payments, even personal expenses such as marriages, funerals, cars, travel, education costs etc. These smaller loans generally have security in the form of a caveat or second mortgage on the borrower’s property, or that of a guarantor. We do not do unsecured loans personal loans.

Recent enquiries include clients who were in a “rent to buy” situation and with savings plus the increased property value wanted to buy the home and have it in their names. Another client wanted urgent bridging finance to inject into his business pending sale of his home. As he was self employed with no current financial accounts a second mortgage was arranged to assist.

After a period of strong sales particularly in Auckland with rising prices, the Reserve Bank has taken action to restrict low deposit lending beyond 80%, which does penalise first home buyers. Recognising the need to help clients through the tightening of credit policy and the reluctance to lend from many traditional Banks and other non Bank Lenders, it has been a priority to focus on keeping up to date on what can and can’t be done in the current mortgage market. We are always looking for ways to still help clients with a 10% deposit, who may as an example, have a low or part gifted deposit, maybe some minor bad credit issues, but still want to buy their first home with a 90% Home Loan and their Bank has said “NO”.

Both Kim and Allan have now completed their studies and been awarded the National Certificate of Financial Services (Financial Advice) ( Level 5) in Residential Property and Insurance Advice and are both Registered Financial Advisers on the Financial Service Providers Register with the Companies Office. Raymond is now well into his studies as well.

The team at First Rate Mortgages are committed to respect and value you as a client and to provide you with a higher level of service than what you may currently be receiving from your current Bank Manager or Mortgage Broker. This does also mean that we are here to provide long term personal service rather than an impersonal offshore 0800 call centre with automated numbered responses! Just check our reviews.

Our lending panel includes ANZ Bank, Westpac, BNZ, ASB, Co-Op, TSB, SBS and Sovereign Home Loans. We are accredited Mortgage Brokers with them. We also have an extensive network of Non Bank Lenders who may be able to assist you, if you have already been to your Bank or Mortgage Broker and they have been unable to help.

We are proud that First Rate Mortgages Ltd is now a well known name here in New Zealand and has a reputation of getting the job done with both bank and Non Bank lenders. The business continues to expand and with the benefit of our Mortgage Broker Support team in the Orewa office can provide both personal and ongoing service to help you on your financial journey.

Contact one of our Mortgage Brokers for more information