East West Mortgage's team of mortgage lenders has a great program for veterans with bad credit known as the FHA VA bad credit mortgage loan. This particular loan is an opportunity for all qualified veterans including regular active duty personnel with less than perfect credit to achieve something great for themselves and their family.
Bad Credit Does Not Mean Anything to Us
The FHA VA program doesn't require veterans to have perfect credit to obtain this type of mortgage loan; all you need is a clear explanation to your current situation. Credit is quite important when applying for a home loan; usually it is best if you have good credit to qualify. To determine if you qualify for a FHA VA bad credit mortgage loan; mortgage lenders would look at a consumer past two year credit.
Benefits for a Great Cause
With the FHA VA bad credit loan program veterans have the benefit of no down payment, negotiable interest rate, right to prepay without penalty, losing costs that are comparable with other financing programs, ability to finance the VA funding fee, and buyer is informed of reasonable value.
If this is something you are interested in contact one of our mortgage lenders at East West Mortgage for more information and guidelines. We want you to be well on your way to holding the keys to your dream home. We take pleasure in what we do, and look forward to working with you and your family.
