Most companies that handle bad credit mortgages require a lot of time. In fact, it may literally take weeks to process the application, get all of the necessary documentation, and wait for the final approval. This process can leave the applicant wondering if he or she will get the mortgage at all.
The reason for this is that many mortgage companies are not actually giving the loan at all. They are simply going out and trying to find a company that will lend the money based on their particular criteria. If your application does not fit the criteria of the lender, then the mortgage company goes to a different lender. This can easily take days and weeks.
Downs Financial works just a little differently. We are a direct lender. This means that we are loaning our own money. We set our own criteria for who is eligible for a home mortgage loan. This means that we can work with more people who have less than perfect credit. In fact, about 80 percent of the loans we handle are for people with bad credit. In addition, because we are a direct lender, our rates are often better than those of other companies.
It is easy to get started on the right path to that home mortgage you need. Simply complete our online registration form. Within 15 minutes, you will be contacted by one of our experienced and professional loan officers. We don't think the loan process should have to take forever. Call us today to get started the right way.