Bad credit home loan company - choosing the right one

As bad credit lenders, we have worked with many people in procuring bad credit home loans. Therefore we understand what people with poor credit have to go through. We have helped thousands of people in poor credit situations like yourself, who want to get back on track in life... instead of getting stuck in the never ending cycle of paying off their landlord's mortgage loan instead of their own.

When you are applying for a bad credit home mortgage loan for a home purchase its critical that you work with the right bad credit home loan company. A company which will get the job done, a company that is creative, and a company that is knowledgeable about handling challenging credit situations. The unfortunate thing is that most home loan companies out there who claim to do poor credit home loans don't know much. They will over claim to get your business and will let you down later on. So its up to you to do your research and pick the right bad credit home loan company to work with.

A bad credit home loan story to learn from

Below is a real story about a person who is trying to get a poor credit mortgage loan for purchase of his next home. Read this story carefully because this could happen to you.

Mr. X is looking for a bad credit home loan but only has 8k in his bank account for closing cost and down payment. A friend of Mr. X referrers him to a local mortgage broker who claims to do bad credit home loans and brags about his connections with subprime lenders. The mortgage broker assures Mr. X that his company will get a bad credit home loan for him...and 8k in his bank account should be enough for to secure a new mortgage loan. The mortgage broker issues a pre-qualification letter for Mr. X for $200,000. Mr. X and his family are all excited at the prospect of having a home for themselves. Mr. X starts putting his best effort towards finding the right home for his family. He works late everyday and all weekends checking out homes on the market ....but just cannot find the right home for his family.

After around a month of house hunting Mr. X is able to find that perfect home for his family. Mr. X negotiates with the seller and they settle for a price of $200,000 which is $15,000 below seller's asking price. Until now everything is working out perfectly for Mr. X. Now all what is left is to get Mr. X's bad credit home loan approved by his mortgage broker.

Now the ball is in the mortgage broker's court who claims to do bad credit home loans by working with various subprime lenders. He assures Mr. X that he will get his bad credit home loan closed within 3 weeks. After three weeks Mr. X gets a surprise call from his mortgage broker " Mr. X, after talking to our subprime mortgage lenders the best we can do is a 90% loan for you. ...which means you have to come up with 20k down payment and some more money for closing cost."

There goes all the hopes and excitement of Mr. X and his family down the drain. Because all Mr. X has is 8k for down payment and closing cost to secure the new mortgage. And now he is told that he needs 20k plus some more. If Mr. X had come to our mortgage company, we would have analyzed his chances of getting a bad credit home loan upfront rather than getting his family's hopes up and wasting everybody's time. In addition our mortgage company's chances of getting a poor credit home loan for Mr. X would have been a lot higher.

The moral of the story is that do your due diligence when picking a bad credit home loan company to work with. What happened to Mr. X can totally happen to you because getting a bad credit home loan is not every mortgage broker's cup of tea. It requires special knowledge, special connections and takes a lot more time and effort to get the loan approved with a low down payment. If the mortgage company you are working with does all kinds of home loans and does not specialize in bad credit home loans, then you are wasting your time. You need to work with a mortgage company which specializes in bad credit home loans.

We are a poor credit home loan company who have been helping people with poor credit for a long time. We know how to handle challenging credit situations and get the home loan approved. Like other mortgage brokers we don't use a cookie cutter approach to things. We look at every person credit and financial situation on a case by case basis and recommend the best solution. We have access to sub prime funding sources which other's don't. That's why our mortgage company can get your bad credit home loan approved when your local mortgage broker cannot.

Our mortgage company has been successfully serving the mortgage needs of bad credit people for a long time. In fact, most of our clients have been rejected by a traditional mortgage company. So if you have been rejected before, don't wait to take advantage of our loan program for people with bad credit.

Even with poor credit our company can get you a bad credit home loan in less than 30 days.  Fill out your information below to get started with our company.