Here Is How You Get A “Poor Credit Loan” In Colorado Springs
Have you gone to every mortgage lender in Colorado Springs only to be turned down because your credit was too low? There is still hope. It is possible to get a home loan in Colorado Springs, CO, even with poor credit. Colorado Springs, CO information can be seen at this link.
Government-Insured Loans
One thing you can do is ask your mortgage lender in Colorado Springs about government-insured loans, including VA loans, FHA loans, and USDA loans. Because these loans are insured by the federal government, the credit score requirements are typically lower than those of conventional loans. As an added bonus, the down payment and interest rates are lower as well. Discover facts about How To Find A Mortgage Lender In Colorado Springs.
“Hard Money” Loans
Even if you don’t qualify for the government-insured mortgages mentioned above, you may still be able to buy a home. Front Range Mortgage is a mortgage lender in Colorado Springs that provides what are known as “hard money” loans. These are loans for homebuyers who may not have the greatest FICO score, but who are trying to turn things around. A mortgage lender in Colorado Springs like Front Range Mortgage knows that you are more than just a credit score.
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