We have Aggressive Credit Repair Program specifically for bad credit home buyers. With our home buyers credit repair program is an aggressive credit repair service designed to improve the credit situation of potential bad credit home buyers fast.
You can be a home buyer with bad credit and buy a home using a subprime mortgage lender but that will require a larger down payment, higher interest rate mortgage, more hurdles to qualify and less possible options to consider for purchase.
Most clients become “mortgage credit ready” in an average of only 21-120 days, enabling them to qualify for a mortgage and purchase the home of their dreams.
As you know your mortgage rate, limit and requirements to qualify for your mortgage will be determined by your credit report and credit credit scores.
Some home buyers with bad credit may only want or need a small credit score boost of 20 – 50 points and this can be done by either deleting a negative tradeline and or being added as an authorized user on our accounts. These accounts have 1-29 years of Perfect Payment Histories, Credit limits of $1,500 – $44,000 with No or Low balances below 15%. These accounts have been used to qualify for Mortgages, Loans, Credit Cards & More. They have increased up 200+ points in only 3-4 weeks.
These accounts help with your payment history, credit to debt ratio, credit type, average age of accounts.
Here’s an excerpt of article from Experian.com below explaining the benefits of being an authorized user when applying for a mortgage.
” Being an authorized user on another person’s credit card account could have an effect when you apply for a mortgage, primarily because it shows up as a tradeline on your credit report along with your own credit card and loan accounts.
As a result, information from your authorized-user account can be included when determining your credit score and the lender’s underwriting process”.