Mortgage and Portfolio Loan Guide

Bad Credit Home Loans

loans for people with bad credit

Break through the bad credit brick wall.

A portfolio loan may be the tool for you.

After having a bankruptcy, foreclosure, or short-sale, most people think they have to wait 2-7 years before buying a home again. With a portfolio loan, you may not have to wait that long.

bad credit home loans

 

Portfolio loans are mortgages that help folks who have unique circumstances and don’t fit within the normal lending guidelines. If you have damaged credit, but are not back on your feet, working with a portfolio lender may be the ticket to home ownership.

Bad Credit Home LoansĀ | Option 1

This is a great option for borrowers who are outside of 2 years since major credit issue who don’t yet meet traditional lending guidelines.

  • 10% minimum down payment (need 680 credit)

  • 20% down payment for below 680 credit

  • 2 years since bankruptcy

  • 2 years since foreclosure

  • Loan amount up to $1 Million

  • Purchase and refinance (cash out up to 80% LTV)

  • Investment property up to 80% LTV

  • Full income and asset verification

  • Must have rent or housing history for most recent 12 months

 


 

Bad Credit Home LoansĀ | Option 2

This is a great option for borrowers who are less than 2 years since major credit issue.

  • 20% minimum down payment

  • 30% down payment for below 540 credit

  • No wait time on bankruptcy if house was included in bankruptcy.

  • 12 months from bankruptcy discharge if house was not included in bankruptcy.

  • No wait time for previous foreclosure. Max LTV will vary depending on length of time since foreclosure.

  • Loan amount up to $1 Million

  • Purchase and refinance (cash out up to 75% LTV)

  • Investment property up to 75% LTV

  • Full income and asset verification

Alternative to Renting

A portfolio loan is a fantastic way to get back into home ownership, and out of renting.

portfolio mortgage lenders

 

I encourage you to reach out to me if you have previously hit difficult credit circumstances, and are now back on your feet.

If I am unable to help, I should be able to point you in the right direction at the very least.

real estate investment loans