The mortgage lenders we work with offer a variety of mortgage options to consumers who have less-than-perfect credit or have experienced financial hardships. As well as those who have perfect credit scores. The competitively priced fixed- and adjustable-rate mortgage products are available with as little as 0 percent down.
Some innovative products available include the Credit Comeback Loan, a loan product that rewards borrowers who pay their mortgage on time by reducing their interest rate; and the Credit Repair Mortgage, a loan that gives borrowers an opportunity to improve their credit while paying a low fixed-rate for the first few years of the mortgage. There are also low and no-documentation options to self-employed consumers who have difficulty verifying their income.
Product Descriptions
Following are the descriptions of some available products and programs:
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Fixed Products: Mortgage loans which have a set rate and payment amount for the life of the loan. They offer both 15- and 30-year fixed loans.
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Adjustable Products: Mortgage loans in which the interest rate and payment fluctuate during the life of the loan.
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Home Equity Loans: Loans generally used for debt consolidation, home improvement, education and car purchases that are secured by a second mortgage on the borrower’s principal residence. They offer the following types of home equity loans:
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Home Equity Lines of Credit (HELOCs)- revolving credit line with interest only payments
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Fixed Rate Seconds- fixed loan amounts with fixed principal and interest payments
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Credit Repair Products: Programs that allow borrowers the stability of a set monthly payment for the first few years of the loan while allowing them to re-establish good credit.
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Stated Documentation Program: Borrowers who prefer not to show documentation proving all or part of their income may opt to simply state the amount they earn. Great for self-employed borrowers.
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Pay Option ARM: Great for investors who are looking for a low interest rate for a short period of time.
