Many Americans have poor credit. Having a low credit score can translate into possible rejections when applying for loans or credit cards. If a lender does agree to extend you credit, you will likely pay more in interest than someone who has a higher credit score. You won’t qualify for 0% interest credit cards, for example, or personal loans at single-digit interest rates. You may also face subprime rates to finance a car or a house. If you have poor credit, you can still get a home loan in Davie.
We can help you shop for home loans in Davie
Having bad credit does not only affect your mortgage. It may also mean you have to pay more for your home insurance and utility deposits.
Getting approved for a home loan with bad credit is no easy task — but you still have mortgage options. FHA loans allow borrowers to have just a 500 credit score or higher to qualify. Because FHA home loans are insured, they are less risky for lenders. The experienced home loan team at Ace Mortgage Loan Corp, we will do all we can to help get you the best home loan possible. We will fill out reams of paperwork and jump through as many hoops as needed, right along with you.
When you work with Ace Mortgage Loan Corp, you are working with a team of dedicated individuals who want nothing more than to put their needs before our own. We have been around since 1996, and if we didn’t have what it takes to make it in our industry, we wouldn’t be here for this long. Don’t give up hope of buying that dream house just because you have poor credit. You might still be eligible for home loans in Davie when you work with our experts at Ace Mortgage!