Do any of these describe your current situation?
Typical hurdles to traditional home ownership:
- Insufficient down payment
- Most mortgage lenders require a 20% down payment.
- Some lenders will go to a 5% down payment, but there’s usually a catch.
- Self-employed?
- Many times small business owners can’t qualify for a traditional mortgage, because their taxable income appears low on their tax returns.
- No credit
- Maybe you’ve recently immigrated. You may have a good job, but no credit score.
- Perhaps you have a good job, but you’re too young to have built up a good credit score.
- Poor Credit
- Perhaps you’ve gone through a divorce. We understand, we’ve been there.
- Perhaps you’ve lost your job during the pandemic. You’re back working, but your credit took a hit. We totally understand.