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Mortgage Loans for Bad Credit

Low Credit Score Mortgage, loan programs ( also known as bad or poor credit loans), vary depending on the borrower's credit score. Home mortgage loans for bad credit are available for refinance, purchase, or refinancing with a little cash out. Usually these loans close within 7 to 10 days with proper documentation and are originated by provate money or hard money sources. Your loan is approved based upon the income and assets you state on your application, credit score, and property value.

• Had a Bankruptcy in the last 3 years?
• Had a Short Sale in the last 2 years?
• Have late payments on your existing mortgage?
• Want to consolidate your bills into one low monthly payment? 
• Need relief from the harassing calls of creditors?
• Need extra cash?  (use it for home improvements, education, child support, or a new car).
• Temporarily unemployed or in between jobs?

If you can answer "YES" to any of the above questions, you may want  to refinance or buy a home with a bad credit mortgage. Lenders still have an interest in people with less than perfect credit (basically credit scores below 660). That's why you'll notice it's important to repair your credit or rebuild it while under repair.

There are lenders who focus on low credit score home loans and recent adverse credit issues with at least 500 fico scores. Review your bad credit scenario with a loan consultant who specializes in these types of residential loans.

Apply for a Bad Credit Mortgage Today.

Don't let a past bankruptcy, repossessions, short sale, credit charge off or late payments on your mortgage deter you from bettering your situation.

Inquire About Guaranteed Credit Repair

A service that will repair your credit in as little as 6 months. Proven results

With interest rates at all-time lows and housing prices very atractively priced you want to be back in the game to get a good deal.

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Please note that you may also qualify for an FHA loan if you have low credit scores & 2 years of consecutive employment.  This may be a better alternative if you can provide income documentation. This is actually one of the best choices you can make in 2011 and on.

To Check Mortgage Rates in your state FREE Rates for Bad Credit - Click Here or you can 

Need a Credit Card and have Bad Credit? Apply for an Orchard Bank credit card! It is the best card to start rebuilding your credit after a bankruptcy or other unfortunate event.

So, as you can see loan programs are redily available if you have low or bad credit scores. Don't let that stop you from getting the home you want or refinancing your loan.