Not at all. First Choice Lending Services is committed to turning our customers into homeowners. We offer financing packages with customers with prior foreclosures and bankruptcies in as little as two years after the event.
Minimum credit score requirements vary by loan program. Conventional loans often require higher scores, while FHA loans may allow lower credit scores with a larger down payment. Your credit score affects loan eligibility, interest rate, and monthly payment, making it a key factor in the mortgage approval process.
Buying a home with less-than-perfect credit is possible. Some loan programs allow lower credit scores, especially with compensating factors like steady income or a larger down payment. Improving your credit before applying can help secure better loan terms.
Yes, self-employed borrowers can qualify for a mortgage with proper documentation. Lenders usually review tax returns, profit-and-loss statements, and business bank statements. Specialized loan programs may be available depending on your income structure.
