Zero Down Programs for Credit Problems

YES! you can buy with ZERO Down payment even if you have had credit issues.

If you have tried to get a credit card in the past but was turned down, tried to get a car loan but was offered a really high interest or tried to get a home loan from your local bank in but was denied, you might think you can't buy a home at all. You may have bad credit because of a divorce or you may have a bankruptcy or foreclosure in your past and you think that means you can't get a decent loan. It simply is just not true. As a mortgage advisor and broker, we offer you access to 100s of lenders and over 800 loan programs.

The Credit Bureaus

You may already know that there are 3 credit bureaus: Equifax, Transunion and Experian. Each bureau maintains its own database of information on credit. It is said that 80% of credit reports include an error. Depending on what your creditors say or don't say about you will determine your credit score. Each credit bureau generates its own credit score based on the information in their own databases and so each credit bureaus score will be different. Your credit score is used by lenders to determine the risk they believe they are taking on by lending you money. The lower the score, the less likely they believe you will you will pay back the money borrowed on time. Credit scores range from 350-950 and the average is 660.

Your Credit Score

If you want to buy and home with zero down and get a low interest rate, you need to have a 700 credit score as your MIDDLE score. You can buy a home with zero down payment with a credit score as low as 560. As part of our 1 hour free consultation, we review your credit and can give you tips that could increase your credit score up to 100 points in 5 easy steps.