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10 Mortgage Companies that Deal with Bankruptcies

Filed in Articles by on March 19, 2019

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10 Mortgage Companies that Deal with Bankruptcies

Mortgage Companies that Deal with Bankruptcies – Getting a loan sounds and usually come with an uneasy feeling, especially when needs are urgent but there are limited financial resources to acquire one.

Mortgage Companies that Deal with Bankruptcies

Its just a feeling and can certainly be gotten rid off as mortgage companies have made available platforms to and avenues for challenges of bankruptcies to be met. Wondering which Mortgage companies are these, below are 10 mortgage companies that deal with Bankruptcies.

1. Citadel Servicing 

Citadel Servicing is the main of all non-prime mortgage lenders, as well as those that render a bank statement loan program One of the reasons that Citadel is so admired is as a result that they allow up to a 90% LTV with bank statements usetilized for income documentation.

They also offer quite a bit of compassion on credit history.  This includes credit scores down into the mid-500’s, and no seasoning requirements on major offensive credit matters, such as bankruptcies, foreclosures, or short sales.

2. Northstar Funding

Northstar Funding renders numerous highly competitive non-prime loan products, stated income loans, foreign national mortgages, asset reduction loans, bad credit mortgages, and also options for people even just one day out of a bankruptcy, foreclosure, or short sale.

They are also known as one of the best FHA accepted lenders, allowing credit scores as low as 500 on FHA loans, on both purchases and refinances (including cash out refinances) States: CA, CO, CT, DC, GA, IL, MD, NC, NJ, NY, PA, RI, SC, and VA.

3. Angel Oak Mortgage Solutions

Angel Oak Mortgage Solutions is now giving out loans to people with credit scores as low as 500.  Quick quote form can be used also to see what you may qualify for.

If you are ready to place 10% or more for a down payment (the maximum LTV they allow is 90%) you may be eligible with a low 500’s credit score. States: AL, AZ, CA, CO, CT, DE, DC, FL, GA, IL, IN, IA, KS, KY, LA, MD, MI, MN, MS, NJ, NV, NC, OK, OH, OR, PA, SC, TN, TX, UT, VA, WA and WI.

4.  Athas Capital

Athas Capital offers what they precisely call subprime loans.  The procedure for the Athas subprime mortgages needs that you must have at least a 520 credit score, and 2 years of verified bank statements.

The bank statements are acceptable to be used instead of pay stubs and tax returns for verifying employment and income.  DTI ratios must as well be supported, which the specific debt-to-income ratios for their subprime loans are often capped at 50%.. States Athas Capital Offers Subprime Loans in: AZ, CA, CO, ID, OR, and TX.

5. Caliber Home Loans

Caliber Home Loans operates and offers the Fresh Start program.  This non-prime loan product allows for borrowers who can show their ability to refund a mortgage, but do not qualify for traditional mortgage products.

There are no periodic requirements for major credit issues, requirements such as foreclosures and bankruptcies.  The guidelines regarding credit are also quite lax.  The minimum FICO credit score for the Fresh Start program is a 580.  The least down payment is 15% and loan amounts are available from $100,000-$1,000,000.

States: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KT, LA, MA, MD, ME, MI, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SD, SC, TX, UT, VA, VT, WA, WV, WI, and

6. Quicken Loans

Quicken Loans is the nations main online lender.  They finance a wide range of types of mortgages, including those offereing to borrowers with lower credit scores.  They are not officially a subprime lender, but they do render many non-prime programs,  Rocket Mortgage as well.

7. JMAC

While not a subprime lender, JMAC also offer mortgages to eligible applicants with credit scores are as low as 650.  Their programs could be likened to an ALT-A loan of the past. They cater to mid range credit scores, as well as those with higher scores, but with option financing needs (like utilizing bank statements instead of tax returns).

8. Carrington Mortgage Services

Carrington Mortgage Services offers mortgages to qualifying applicants with credit scores as low as 500. Another grand thing about Carrington is their compliance to participate with down payment assistance programs, and even assist and guide borrowers through the qualification process of getting down payment assistance. States:

AL, AR, AZ, CA, CO, CT, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, MD, ME, MI, MN, MO, MS, MT, NE, NC, NH, NJ, NM, NY, OH, OK, OR, PA, RI, SD, SC, TN, TX, UT, VA, WA, WV, WI, and WY.

9. Carrington Mortgage Services 

This company offers mortgages to eligible applicants with credit scores as low as 500. Another great thing about Carrington is their readiness to participate with down payment assistance programs, and even assist guide borrowers through the qualification process of getting down payment assistance.

States: AL, AR, AZ, CA, CO, CT, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, MD, ME, MI, MN, MO, MS, MT, NE, NC, NH, NJ, NM, NY, OH, OK, OR, PA, RI, SD, SC, TN, TX, UT, VA, WA, WV, WI, and WY.

10. Greenbox Loans

Greenbox Loans provides mortgages that allow credit scores as low as 600.  The highest LTV is 80%, and income can be confirmed using 24 months of bank statements.  The maximum loan amount available is $1,000,000. States: AL, AR, AZ, CA, CO, CT, DE, FL, GA, ID, IL, IN, KS, LA, MD, MI, MS, NC, ND, NJ, OK, OR, PA, TN, TX, and WA.

CSN Team

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