Owning your own home is not only a great investment, it also provides a sense of security for the future and a feeling of pride in oneself. That's why being turned down for a home loan can be so very frustrating; you know buying a home makes the most financial sense and you want to do what's best for yourself and your family, but it often seems that no one is willing to give you a second chance. At Downs Financial, we've made a commitment to those with less than perfect credit to help them secure mortgages that are fair and that meet their needs.
Lenders use your credit rating to determine how much of a risk they are taking by lending to you. Your credit record will detail any history of missed payments, defaults, or other financial missteps, and many lenders use this as a prediction of future behavior. If your credit score is in the poor to fair range, lenders can use this as a valid reason to deny your mortgage application since you are technically considered a "high risk" client.
We Can Help You Secure a Bad Credit Mortgage
Downs Financial is a direct lender, meaning that we lend our own money and make our own decisions about whom to lend to. While mortgage brokers may have a difficult time convincing the lenders they work with to consider an applicant with poor credit, we at Downs Financial can make our own decisions. We know that everyone makes mistakes, and we offer a range of fair, affordable mortgage options that can help those with poor credit get back on their feet.
There are other advantages to working with a direct lender like Downs Financial. Because we make all of our own lending decisions rather than forwarding applications on to lenders, your turn-around time is much faster. Once we receive your online application, you can expect pre-approval the same business day! Even better, since there's no middleman involved in the process, we can pass those savings on to you, which translates into lower rates and a more affordable loan. Let our experts help you secure the best mortgage for your specific situation, so you can start on the path to home ownership today.