Poor Credit Home Mortgage Loans – Getting Approved With No Down Payment
When applying for a new mortgage with poor credit, you may be wondering whether or not you can get approved with zero down. There are a few factors that will influence this. Consider these points:
1. Poor Credit Will Put More Weight On Your Employment History & Salary – When you are putting less money down and have credit problems, this will cause the lender to look more heavily at the stability of your employment history and income. If your debt-to-income ratio is low and you have been at your job for more than one year, this will help you toward getting 100% financing.
2. Lenders Will Look Closely at Your Most Recent Payment History – Many people have had financial difficulties in your past, but one of the most telling things for a lender, is what your most recent payment history has been like. If you have a bankruptcy that is more than a few years old, but over the last few years have made regular, on-time payments on all of your existing bills, you are more likely to get approved for 100% financing.
3. Consider Having The Home Seller Pay The Closing...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
