Credit Concerns

Credit Concerns

Do You Have NO Credit OR Very Little Credit Established?

If you have little or no credit established, but want to purchase a home, I may be able to help.

Banks and Credit Union’s in today’s mortgage market generally have heavy trade line requirements for obtaining a mortgage. Meaning that they want to see several established credit trade-lines on your credit report.

I offer unique mortgage products for clients using alternative credit such as Car Insurance, Rent, and Utilities that are already in your name to help you obtain a mortgage.

I suggest establishing credit right away and establish a FICO score for the future, even though I may be able to help you right away regardless of your credit history.

There are many ways to establish credit in your name:

Opening a secured credit card or a car loan are two simple ways you can establish credit. I also suggest that you pay all current rent payments on time and with a personal check (even if its to a family member or friend while renting a room). Verifiable rent is just another way to show an underwriter your credit worthiness for obtaining a loan. So remember, ALWAYS pay your rent with some form of traceable source such as a check or money order.

Bankruptcy in Your Past?

We offer home mortgage loans for clients who have had a bankruptcy as little as two years ago!

If you have kept your credit in perfect shape since your bankruptcy and you may be able to qualify for a home mortgage.

The best thing is that you may be able to qualify to purchase a home post Bankruptcy with little money down!

Call me to find out how at 616-644-0885 today!

You may also qualify for a Land Contract by visiting http://erickeckardt.com

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