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Bad Credit California Home Loan

 

Many people believe that if you have bad credit, getting a California home loan is impossible.  Or if it is even possible then the rate will be really high.  Without doing their research, California homeowners or potential California homeowners really don’t know what is available.  There are great California home loan programs for people with bad credit.  Interest rates are competitive and payments can be lower than expected.

 

There are many lenders that have home loan programs designed for people that may have had some missed payments on their credit cards, mortgage or even maybe a bankruptcy or foreclosure.  These home loan programs can be easier to obtain then you might think.  There are 30 year fixed mortgage terms, 40 year fixed mortgage terms and even 50 year fixed mortgage terms.  If you plan on staying in the home for only a few years then you might want to consider a 3 year fixed home loan to keep your payments even lower.

 

The key to finding a home loan with Bad Credit is to do your research.  Apply with various mortgage companies to see who can offer you the best terms on a home loan.  Be careful of the companies that offer loans that are too good to be true.  It is important that you find a loan officer your can trust and who can find you a low interest rate and a loan program that you want.

  

Kevin O’Connor
Mortgage Consultant

www.koloans.com
800.550.5538

 

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