Chinese (Simplified)EnglishGermanSpanish

How to get loan / mortgage with no credit score requirement

Apr 10, 2019 | Blog, Uncategorised

While there are no shortages of banks or private money lenders in the United States of America, getting a mortgage without credit score requirement, especially bad credit score can be a hassle at times. However there are money lenders and programs that can help anyone with even a bad credit. One can get loan / mortgage for buying a home in the US despite low or bad credit score via these:-

FHA LOANS
The standard requirements for a FEDERAL HOUSING ADMINISTRATION loan includes having at least 2 years of employment as well as 2 years of tax returns and there should also be no bankruptcy, foreclosure or the short sale in last 2 years. Although credit score varies from each lender, you should be prepared to pay around 10% as down payment go get a FHA loan.

USDA LOANS FOR BAD CREDIT
The standard requirements for a USDA Rural Development Guaranteed Housing Loan Program includes occupying the home you purchase as your primary residence, income not exceeding household income limits and purchased house should be within an eligible area. USDA programs are generally single family homes oriented for rural areas.

HARP MORTGAGE REFINANCE
If you owe more than your home’s worth and have a bad credit, the Home Affordable Refinance Program can help you. HARP is government program which helps borrowers refinance into a lower rate without needing to pay for new mortgage insurance.

In short, yes one can be a first time home buyer with a bad credit score. However the maximum loan one can take in this situation will depend on a lot of factors. Our experienced agents can help you out in this regards and we offer loans to even foreign buyer without any credit score requirements and we also support in regards to down payment assistance and meeting you requirements as per your budget. Whether you are someone looking to invest or move abroad or seeking financial assistance to open up a business in America, we got you covered, flexible hassle free fast loans are available, email us with your queries and goals and we shall get back to you within 24 hours.

Have More Questions About This Article? Feel Free to Contact Us.

4 + 15 =

Covid-19 and Commercial Loans Trends 2021

What is the biggest challenge you anticipate in 2021 as a direct lender or financial intermediary in commercial real estate? In 2021 it will be challenging to meet the business needs of Borrowers using hotel/restaurant properties as collateral to secure their loan. In...

Small is Beautiful: The Revival of US Rural Areas

Year of 2020 was no like other. It looks like the Covid-19 pandemic sent the crowded urban life style preferred by many bohemians and younger professionals in the past as new migration trends are identified by moving companies. BTW: Moving industry is the one sector...

Construction Loan Programs: The 3 Key Benefits to Consider

The purpose of a construction loan is to finance the building of a new residential real estate property. The projected market value of the subject property is used to secure the lending and the loan proceeds are distributed by the Lender via separate “draws”....

10 Common Pitfalls to Avoid in the Fix-and-Flip Process

Fix-and-Flip projects are generally seen as promising business opportunities that can generate quick cash profit and good return-on-investment (ROI). An entrepreneur may need to completely transform a property or simply do some tender renovations before the building...

Real Estate Investment Strategies: Fix-and-Flip or Buy-and-Hold

Many real estate entrepreneurs are purchasing properties with the idea of receiving good return on investment for their cash and increasing their wealth. A business person can choose to implement both the Fix-and-Flip or Buy-and-Hold strategy and the decision depends...

Our Success Story: 130 Coolwater Lane, Barstow, CA 92311

Universal Commercial Capital (UCC) focus is on finding the right financial solutions for customers that may experience issues with obtaining a business purpose loan from lending institutions as banks. Our team is dedicated on assisting each and every Borrower receives...