Bad Credit Mortgage Loans Now Getting Qualified in Florida with No Lender Overlays
Florida Bad Credit Mortgage Loans Blog Was Updated: Bill Burg Nov 8, 2017
We all remember that Florida was hit very hard after the Great Recession of 2008, affecting most of the property values throughout the entire region.
Importance of Credit: Mortgage Ready Credit Repair
As Americans we maintain our lifestyles with the help of credit. Good or Bad Credit affects almost all Americans in multiple ways. So, the question is: how to clean up credit to buy a home.
Credit Scores Versus Credit History: How to Improve You Credit Score Immediately
A Mortgage Loan Officer will view review two things. Your credit scores and the recent history on that credit report, those two factors are:
How Underwriters Utilize Guidelines and Look at Your Credit History
When consumers use credit, the big three credit reporting agencies take that information and calculate that data to determine a score. That score determines at what interest rates you will pay and whether you are even granted credit or denied.
Minimum Credit Scores to Qualify for Florida Bad Credit Mortgage Loans: How to Find a Credit Repair Mortgage Lender
The Bill Burg Team are all specialists in getting Florida home buyers qualified for Florida Bad Credit Mortgage Loans and All Types of Home Loans
The minimum credit score requirements for home purchase loans are:
Lenders Risk Level of Borrowers and Credit Scores
Borrowers with High Credit Scores
If you have excellent credit scores, you can rest assured you will qualify for any type of credit you apply if you also satisfy the income and DTI requirements.
Florida Bad Credit Mortgage Loans: Borrowers with a 620 or Lower FICO Credit Scores
If your Credit scores is below 620 FICO you are considered by most lenders as either too risky or viewed as less favorable and requires a higher interest rate or they do not to work with you at all.
Bad Credit Scores Can Be Improved: How to Improve Credit Score Immediately
Poor credit scores can be improved and if you have recently damaged your credit by being late on your monthly bills, your credit score will gradually improve over time.
Makeup of Your Credit Scores: What Counts the Most
You Can and Should Monitor Your Credit Report
You should monitor your credit report and credit scores like you monitor your bank account. You might be surprised that information might not be yours or is outdated.
How to Obtain Florida Bad Credit Mortgage Loan?
The Bill Burg Team offers many types of loans including:
We specialize in helping mortgage loan borrowers who have problem credit or poor credit scores qualify for mortgage loans. If you want to purchase a home but have poor credit scores, contact Bill at 941-444-0010 or text Bill Burg on his cell for faster response at 941-444-0010. You can also email us at firstname.lastname@example.org or you can see more blogs and start your application at mortgagelendingplace.com
Bill Burg is a 3-time Author in teaching others about the Financial and Real Estate Business. He is an experienced Senior Mortgage Loan Officer with USA Mortgage and USA Mortgage is one of the few banks that have a business model of success without Bank Overlays. Overall, he has invested that last 13 years helping hundreds of families and investors achieve the dream of home ownership.
Bill Burg at Mortgagelendingplace.com and USA Mortgage NMLS# 1647508