Best Bad Credit Mortgage Companies
Online Company Only
Services Offered: Cheap Loan for Home, Auto, and Personal Use for all credit types.
Company Overview: Abacus Credit started in 1998 to provide consumers with less than perfect credit the opportunity to own a home or vehicle, or to be able to get a personal loan or credit card. They help more than 50,000 consumers each year, and generally offer closing in less than 30 days.
Our Review: Abacus Credit is a great company. They have bad credit mortgage options for every type of consumer, and their website is so easy to use. Additionally, their customer service is very helpful and friendly, and their products cover the entire spectrum of lending needs.
User Review: Anyone who thinks they can’t get a bad credit mortgage needs to consult with Abacus Credit. I have more outstanding debt than anyone I know, but I wanted to buy a home and Abacus Credit helped me, regardless of my financial history. They were very helpful and great to work with.
Other Top Companies for Bad Credit Mortgage :
Mortgage Credit Problems
Address : Online Only
Address : 4721 E. Moody Blvd. Unit # 101 Bunnell, FL 32110
Phone : 877-771-8174
Alliance Mtg Inc.
Address : 18000 Studebaker Road Suite 700 Cerritos, CA 90703
Peak Home Loans LLC
Address : 4134 Gulf of Mexico Dr., Suite 201 Longboat Key, FL 34228
Phone : 877-959-PEAK
How To Select The Best Company For Bad Credit Mortgage
Finding a mortgage when your credit is less than perfect can often seem like an impossible task. However, it does not have to be that way. There are many more lenders available to consumers today than in the past, and as such the lending options have also increased. There are even specialized mortgage companies that specialize in helping people with bad credit obtain a mortgage. To find these companies, you can either ask friends and family for referrals, or do a simple search on the internet for a bad credit mortgage. There will be a plethora of companies that are returned in the results that specialize in offering bad credit mortgages to consumers who can’t afford the luxury of perfect credit. However, with these companies, there is some caution to be exercised. For starters, a few of the supposed bad credit mortgage companies are probably scam operations that prey on desperate people. Secondly, once you do find the legitimate companies that will give you a bad credit mortgage, you can almost guarantee that you will pay more money for your loan than a consumer with good credit. First of all your interest rate will be higher than average depending on the severity of your credit. Also, you might pay higher or more lending fees due to your special situation. If you absolutely cannot find a mortgage for yourself, then your credit may need some repair. In this instance, it’s probably better for you to pay off all old debts and clean up your credit before you try to increase your debt by having a mortgage. Whether you decide to clean up your credit first, or to just go for the bad credit mortgage you want, improving your financial life doesn’t have to be a difficult task, and getting a bad credit mortgage will not leave you with many options, so you might just have to take what you can get.