June 2, 2015 0likes 545 views Finding a home loan can seem daunting. There’s choosing the right home, then deciding the qualifications you’re seeking in a mortgage. After the paperwork and processes, you’re in a long-term agreement that’ll help you finance your home. When you’re facing bad credit, finding your way through all of the home loans in Plantation can be incredibly challenging. At Ace Mortgage Loan Corp., we believe that everyone deserves their best opportunities for home ownership. At our mortgage company in Plantation, we work with all types of home loans and mortgages. Even if you’re facing bad credit, there are several mortgage options for which you may still qualify. There are three major loan types which you may still qualify for, even with less than ideal credit. Some of your options may include: FHA Mortgages FHA home loans are mortgages which have been insured by the Federal Housing Administration, enhancing their financial security. These loans require low down payments of only 3.5%. FHA loans have transferable appraisals, making the application process more flexible. FHA home loans have gained popularity in the years following the housing crash. VA Home Loans Veterans Administration mortgages require specific qualifications, they’re limited to military veterans and their families. These mortgages are dedicated to making home ownership affordable to military families, boasting simplified requirements. VA home loans don’t require a minimum credit score for successful qualification. Additionally, VA home loans have no down payment requirement, increasing affordability. Freddie Mac & Fannie Mae Loans Most people think that these conventional home loans are reserved for applicants with ideal credit scores. This isn’t the case, people with average credit scores of 620 can even qualify for Freddie Mac and Fannie Mae home loans. Sometimes, the approval process may take longer. Once approved, you can enjoy the affordability and security of these conventional home loans. At Ace Mortgage Loan Corp., we believe that everyone deserves the right mortgage loan. Our goal is to help people secure their ideal mortgage in Plantation. With the right mortgage, you can afford more home for a longer period of time. We can help you determine your mortgage options, guiding you towards the home loan that matches your financial capabilities. We strive to help each and every client find the comprehensive home mortgage which will keep their home affordable for years to come. Finding your ideal home is just the first part of the home ownership process, it’s equally important to find the mortgage that’s the best fit. We’re here to help you with your mortgage options, even if your credit is less than ideal. Call (954) 777-4774 to speak with a mortgage broker. We can help you understand your options for home loans in Plantation.