Colorado Bad Credit Mortgage
Colorado Bad credit mortgages are solely for people who have had a less than perfect credit history in the past. This could have been due to missed or late payments, filling bankruptcy, incapable of paying off debt, or court judgments such as divorce settlements. If anything above fits your current situation, you may want to apply for a Colorado bad credit mortgage. We can qualify folks with credit scores as low as 620.
Colorado Bad Credit Mortgage Facts
A Colorado bad credit mortgage is the answer to your problems. If you have been turned down in the past, you can apply for a Colorado bad credit mortgage to refinance, get you into a new Colorado Home, and Bad credit mortgages can give you the opportunity to clean up your credit score.
Interest rates on these types of loans can range 1 to 3% higher for a Colorado bad credit mortgage loans. By taking a quick look at the scenarios below (No guarantees), depending on your current financial situation, based on your credit score you could qualify for a Colorado Bad credit mortgage.
Colorado Bad Credit Mortgage Assumptions
WE CAN QUALIFY BUYERS WITH CREDIT SCORES AS LOW AS 540 
If your Fico score is 620+ you may qualify assuming you have less than 300.00 consumer debt. Up to $175K
Fico Scores 700+ you could qualify up to $200,000
Assuming 3.5% down can be a gift or a grant, some instances can qualify with NO money down. This would lead to low down payments, competitive interest rates, and flexible credit qualifying.
Colorado is 1 of only a handful of States that offers the $100 down HUD program. (SEE COLORADO)
http://www.hud.gov/local/co/news/fhaincentives.cfm
A Colorado bad credit mortgage along with the 8,000 dollar tax credit can do wonders for 1st time home buyers. These new programs are in the consumer’s best interests and at Golden Lenders we believe in educating all clients FIRST.
