California Real Estate Center

Bad Credit Loans & Mortgages for Buying a Home

Bad credit loans are designed for those individuals whose credit report is less than perfect. These bad credit loans will allow you to buy a home with bad credit. Typically this would be anyone who has any one of the following credit issues:

These types of mortgage home loans may be used when buying a home or for a mortgage refinance.

Not sure of your how your credit report is? Get a free credit report online and view it instantly. 

If you are buying a home and you feel you have bad credit, please email us with your question or call us at: (800) 931-7377. Lastly, you can submit a mortgage pre-qualification and we will review your home buying options with bad credit.

Bad Credit Loan Program Description

A bad credit loan is technically referred to as a sub prime mortgage. These types of mortgages are a higher risk to the mortgage lender because of the past credit history of the borrower. Since there is a higher risk, there is a higher reward to the mortgage lender in the form of higher mortgage rates.

These bad credit loans allow individuals to obtain a mortgage for buying a home or mortgage refinancing when they may have been turned down by a conventional mortgage lender or bank. 

The basic concept of these types of mortgages is to provide a borrower a second chance to prove their credit worthiness and eventually refinance the mortgage after establishing a perfect credit history for at least two years.

Learn exactly what type of mortgages and how much and what kind of a home loans you qualify for with a free mortgage pre-qualification.

If you this type of mortgage loan does not seem meet your needs, review information on all other types of home mortgages.

If you have any questions about bad credit you may email us or call (800) 931-7377 - M-F 9:00am - 5:30pm.

Bad Credit Loan Terms

Sub prime mortgages have various mortgage loan terms available. Bad credit loans can be used when buying a home or for a mortgage refinance. Below are some basic mortgage loan terms for this type of mortgage:

If you will be in need of a mortgage loan in the future be prepared and  let us track mortgage rates for you with our weekly mortgage rate email.

Before learning more about bad credit loans bookmark this page for future reference.

Please also take a moment to think of the next person you know who may need this type of mortgage loan and  email this page to them if you think they would find this mortgage information useful.  

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