Most people with bad credit think that a home mortgage for them is a special type of loan. This idea typically comes because they have encountered other lenders who have made them feel like they are in some kind of unique situation. The reality is that more people have fair or bad credit than have excellent credit.
Typically, other lenders make those with bad credit fill out additional forms and require extra paperwork. They may want more references and may want more information about a person's current job situation and income. The reason for all of this additional work is that most lenders are not that experienced in dealing with people who have bad credit.
At Downs Financial, we are just a little different. About 80 percent of the mortgage loans that we handle are with people with bad credit. This means that handling bad credit situations is not unique for us at all. We know the stress that people go through in trying to get loans when they have less than perfect credit. We don't see a reason to make it harder by making bad credit a "unique" situation.
In addition, most mortgage companies are actually going elsewhere to get the money for the loan. This means that they have to try to fit everybody within certain guidelines set by other companies in terms of who is an acceptable risk for a loan. At Downs Financial, we are a direct lender. This means that we set our own rules about what is an acceptable risk for a loan. If you are tired of feeling unique, then fill out our easy registration form and let us get you started on that home mortgage you need today!