Low Credit Score Mortgage Lenders and Brokers in Simi Valley, California

While a large number of homeowners and future homeowners in Simi Valley, California have a good credit score there are some that are concerned that a low or bad credit score could disqualify them from getting a home mortgage and, in essence, buying a home. Before assuming that a low credit score is going to make it impossible to buy a house in Simi Valley, California remember there are some mortgage lenders and brokers that can help those with a credit score under 650. If you are a low credit score borrower looking to take out a home mortgage in Simi Valley, California call ABLEnding at 866.260.2253. We have mortgage professionals that have help hundreds of poor credit borrowers qualify for a home loan.

When an individual has a credit score of 580 to 620 it can be difficult to qualify for a home mortgage loan. Generally speaking, the FHA home loan program requires borrowers to have a 620 credit score or better. Even though this is the case, it does not mean you cannot buy a home if you have a 615 credit score today. Reach out to us and allow us to work with you to determine if there is a mortgage product available to help you purchase or refinance a home loan today.

Simi Valley is often considered one of the more affluent areas in southern California but this does not mean those that live in this part of Ventura County have not made a single poor financial decisions. Sometimes it only takes one or two missed credit card payments to see a credit score drop. There is a possibility that you are no longer receiving the same income as in the past and your credit utilization has increased. There might be a collection agency that has been notified of parking tickets that you don’t even know about. There are hundreds of reasons in which a credit score can drop.

Do not feel as if having a low or bad credit score will mean you cannot qualify for a home mortgage loan in Simi Valley or any part of California. Call ABLEnding today and let us explain some of your mortgage options moving forward.