Loans with Flexible Credit Guidelines

Solutions

If you’ve had credit problems in the past, we have a solution that can make financial security a part of your future.  The Solutions program uses common sense guidelines to help more people get the financing they need to reach their goals, even if they don’t fit the usual credit standards. 

Everyone runs into financial obstacles at some point, and sometimes those challenges can have an adverse effect on credit.  That shouldn’t force you to take on a loan with terms that could make your financial situation worse.  The Solutions program gives you the power to choose a loan type that fits your goals, and the flexibility to refinance at a better rate after the first year. 

Pathways

The Pathways program offers flexible credit requirements for home buyers who don’t have enough savings for a down payment.  You can put down as little as $500, with the rest of the 3% down payment coming from gifts, grants, or secondary financing. 

The program also requires no private mortgage insurance (PMI) payments, and features expanded qualifying ratios for people with low-to-moderate incomes.

FHA mortgage

FHA mortgages, which are insured by the Federal Housing Administration, make home financing possible for people who might not qualify for conventional mortgage programs.  They offer:

• Flexible approval requirements for people who have less-than-perfect credit or lack a traditional credit history
• Low down payment and closing costs, with the option to use gift money for 100% of the down payment
• Expanded qualifying ratios for people with low-to-moderate incomes

VA mortgage

VA mortgages, which are insured by the Department of Veterans Affairs, make home financing easier and more affordable for veterans, reservists, and active-duty service members.  They offer some of the easiest approval requirements of any mortgage, including:

• Flexible credit guidelines
• Expanded qualifying ratios
• No down payment requirement, so you can finance 100% of the purchase price
• The option to use gift money or secondary financing .