People don’t have low credit scores because they want to. Circumstances in life have forced many to fall behind on their payments, and, as a consequence, their credit scores have suffered. As a top 500 credit score mortgage lender in Utah, we have programs available for a variety of situations, including foreclosures, short sales and bankruptcy. Most will tell you that you have to wait many years to be able to buy a home or refinance and you might be wondering, "what can I get for a 500 credit score?" At American Home Loans, we have not forgotten that we’re in the business of service, and we look for programs that help our clients, which is exactly why we are proud to offer 500 credit score home loans.
Offering Mortgage Loans for 500 Credit Scores
If one of these special circumstances has affected you due to loss of more than 20% of your income, loss of a job, or for medical reasons, we may be able to help you secure home loans with a 500 credit score. Many wondering what loan they can get with a 500 credit score have used our program and now are paying less for their mortgage payment than what they were paying in rent. In other circumstances, we have been able to direct our clients on how to improve their credit scores to prepare for the purchase of a home in the near future. Remember, this is all possible for you and your family! For more information on our 500 Credit Score loan program, check out the FAQs below, or click on this link for more information from American Home Loans.
500 Credit Score Loans from American Home Loans in Sandy, Utah
- Foreclosures, Short Sales, Bankruptcy are all OK if caused by drop in income of 20% or more, or because of medical reasons
- Scores between 500 and 580 require 10% equity, but we can help improve your scores
- Scores 580 and up only ½% down payment program OK
- Collections up to $2,000 OK
- Medical Collections OK
- OK If you have a Judgment or Lien but you are making payments
Contact American Loans in Sandy, Utah for More Information
American Home Loans is proud to be one of the mortgage lenders in Utah that accepts a 500 credit score, making homeownership attainable for many who previously thought it impossible. With a commitment to flexibility and understanding, we work with you to find a home loan program that works for you. By offering expert guidance and personalized service, American Home Loans opens the door to homeownership for those with lower credit scores, empowering them to embark on their journey toward securing a stable and promising future. Contact us for more information!