Bad Credit Mortgages


How is a Loan Approved?
Your Loan approval is subject to submitting an application: income verification, employment, and other information like obtaining an acceptable property.

How Does "Loan to Value" determine the Loan amount?
LTV stands for loan-to-value, which is the ratio of total mortgage-related debt to the property's value. The LTV ratio reflects the amount of equity borrowers have in their homes. The higher the LTV the less cash homebuyers are required to payout of their own funds.

What is an APR?
APR stands for annual percentage rate. It is the annualized cost of credit, expressed as a percentage. The APR calculation considers certain fees to reflect the cost of credit in addition to interest.

Can I borrow more than my house is worth?
Yes, We have 2nd mortgage programs that allow you to borrow up to 125% of your home's value.

What is a FICO Score?
FICO scores are numeric representations of your credit profile. The higher the FICO score the better credit risk you are.