Damaged Credit Loan Qualification Assistance

With Texas Edge Mortgage, you may qualify for great rates with low down payments for situations when you have had difficult or poor credit.  Although FHA loans have credit score restrictions and conventional loans are liberal when it comes to credit collections, you owe it to yourself to apply today for home loan approval with Texas Edge Mortgage.

Below are some of the credit situations that one of our experienced loan specialists may be able to shed some light on when it comes to home loan financing:

  • Past Foreclosures
  • Past Bankruptcies
  • Credit Collections
  • Repossessions
  • Tax Liens
  • Judgments
  • Past Due Payments
  • Delinquent Student Loans

When we discuss your set of circumstances, it’d be helpful to have as many supporting materials, or documentation, available. Please provide as much documentation regarding your credit issues so we can fully understand the extent of the situation.

While we may be able to assist you with a mortgage loan for any of the above situations, we also want to help you by providing tips to improve your credit score. Your credit score is one of the main factors that we assess. Below are some tips.

  • It’s important to pay your minimum balances in a timely manner. And if possible, pay more than the minimum balance each month.
  • Reduce large balances on your credit cards.
  • Avoid applying for new credit cards especially before you go house hunting.
  • Get a free copy of your credit report and check for any mistakes, which may be negatively impacting your score. If you see any errors, contact the credit reporting agency and request a correction.

Our mortgage specialists can help you obtain a home loan, even with poor credit. Please contact us today to find out how we can assist with your needs.

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