Wednesday, September 24, 2008

With the changes in the market how can I qualify for a home loan with credit issues?

Years ago in order to qualify for the best mortgage rate with a low down payment your credit had to be perfect. In recent years a shift took place as homebuyers with up to $5,000 in unpaid collections on their credit reports were included in the “A credit” category with the best rates and lowest down payments. Still, many people who had over $5,000 in collections had to pay higher rates, or larger down payments to purchase a home. TexasLending.com has a new loan program making it possible for you to qualify for “A credit” home loans, at the best rates, and up to 100% financing with no limits on unpaid collections on your credit report. Even first time homebuyers may qualify for this new loan program. This opportunity became available as of May 19th, 2007 and has already helped hundreds of Texans get approved for a better home loan or get approved when they were previously denied. For more information call TexasLending.com today and remember to send me your email questions to info@texaslending.com.