MORTGAGE LOANS FOR THE CREDIT CHALLENGED Low FICO

RECENT BANKRUPTCY, FORECLOSURE OR SHORT SALE?
WE HAVE LOANS FOR YOU AS SOON AS 1 DAY OUT OF EACH OF THESE

Stated Income, Bank Statement Income, VOE program available!

Purchase a Home Qualifier  Refinance a Home Qualifier

Non Prime Low FICO Score Mortgage Lending

Life Happens, but that doesn't mean it prevents a borrower from getting a home loan.  Lending guidelines allow for people all the way down to a 500 FICO score to get financing.  Or day 1 out of a Bankruptcy or a Foreclosures.  Did you know the even FHA and VA home loans will allow for a borrower to have as low as a 500 FICO score!  And USDA Rural Development allow down to a 550 FICO.   Below is some of our Non-Prime Loans available, give us a call TODAY and let us assist you!

Link Here to FHA Mortgage Loans FICO Scores down to 500.

Link Here to VA Mortgage Loans. FICO Scores down to 500.

Link Here to USDA Mortgage Loans. FICO Scores down to 550.

Full Doc or 24 Mo. Bank Statements

"A"
  • FICO Score 700+
  • No Mortgage Lates in last 12 Mo.
  • Bankruptcy > 3 Years
  • Foreclosures > 3 Years
  • Short Sale > 2 Years
  • Max Loan to Value Purchase: 90%
  • Max Loan to Value Refinance: 85%
  • Max Loan to Value Cash Out Refi: 80%
  • 30 Year Fixed Rates
  • No Prepayment Penalty

 

 MORE INFORMATION

Full Doc or 24 Mo. Bank Statements

"A-"
  • FICO Score 650+
  • 1 x 30 Day Mortgage Late in last 12 Mo.
  • Bankruptcy > 2 Years
  • Foreclosures > 2 Years
  • Short Sale > 1 Year
  • Max Loan to Value Purchase: 85%
  • Max Loan to Value Refinance: 85%
  • Max Loan to Cash Out Refi: 80%
  • 30 Year Fixed Rates
  • No Prepayment Penalty

 

 MORE INFORMATION

Full Doc or 24 Mo. Bank Statements

"B"
  • FICO Score 600+
  • No 60 Day Mortgage Lates in last 12 Mo.
  • Bankruptcy > 2 Years
  • Foreclosures > 2 Years
  • Short Sale > 1 DAY
  • Max Loan to Value Purchase: 80%
  • Max Loan to Value Refinance: 75%
  • Max Loan to Value Cash Out Refi: 75%
  • 30 Year Fixed Rates
  • No Prepayment Penalty

 

 MORE INFORMATION

Full Doc

"B-"
  • FICO Score 550+
  • No 90 Day Mortgage Lates in last 12 Mo.
  • Bankruptcy > 1 Year
  • Foreclosures > 1 Year
  • Short Sale > 1 DAY
  • Max Loan to Value Purchase: 75%
  • Max Loan to Value Refinance: 70%
  • Max Loan to Value Cash Out Refi: 70%
  • 30 Year Fixed Rates
  • No Prepayment Penalty

 

 MORE INFORMATION

Full Doc

"C"
  • FICO Score 500+
  • No 120 Day Mortgage Lates in last 12 Mo.
  • Bankruptcy > 1 DAY
  • Foreclosure > 1 DAY
  • Short Sale > 1 DAY
  • Max Loan to Value Purchase: 65%
  • Max Loan to Value Refinance: 65%
  • Max Loan to Value Cash Out Refinance: 65%
  • 30 Year Fixed Rates
  • No Prepayment Penalty

 

 MORE INFORMATION

Full Doc

"D"
  • FICO Score <499
  • Bankruptcy > 1 DAY
  • Foreclosure > 1 DAY
  • Short Sale > 1 DAY
  • Max Loan to Value Purchase: 65%
  • Max Loan to Value Refinance: 65%
  • Max Loan to Value Debt Consolidation Refinance: 65%
  • 30 Year Fixed Rates
  • No Prepayment Penalty
 MORE INFORMATION
 
 MORE INFORMATION

Debt-Service Coverage Ratio (DSCR)

"A"
  • FICO Score 640+
  • Max Loan to Value Purchase: 80%
  • Investment Properties Only
  • Loan amounts up to $2.0M
  • Reserve Requirements
  • 30 Year Fixed Rates
  • No Prepayment Penalty
 MORE INFORMATION
 

LET US SHOW YOU HOW EASY IT IS.

Answer a few SIMPLE Questions and experience why we are always the 1st Choice in Idaho!

Purchase a Home Qualifier Refinance a Home Qualifier

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1st Choice Mortgage Company, LLC BBB Business Review, boise, nampa, caldwell, kuna, eagle

Other Programs Available

Debt Service Coverage Ratio or DSCR 
-Minimum FICO 640
-Max LTV 80% Purchase
-Investment only

One Month Bank Statement Morgage
-Minimum FICO 700
-Max LTV 75% Purchase

Verification of Employment Form
-Require 1 VOE
-Minimum FICO 700
-Max LTV 75% Purchase

Alt Doc Program Mortgage
-24 Months Bank Statements
-Self Employed Only Borrowers

1099 Only Program
-2 years 1099's

P&L Only Program
-Full Past Year P & L
-Current Year YTD P & L
-Self Employed Only
-Letter from CPA

1 Month Personal Bank Statement
-650+ FICO
-Self Employed Only
-No FC/SS/BK in last 5 years.

Asset Depletion Program
-Liquid Assets utilized


 

FHA & VA LOW MORTGAGE FICO to 500

We also offer LOW FICO score Government Mortgage loans!

FHA down to 500 FICO's

VA down to 500 FICO's

USDA down to 550 FICO's

FHA Home Loans

Ready to start your new Mortgage? Need information?
Request Info!
208.375.LOAN

Our Company

1st Choice Mortgage Company, LLC | NMLS #380736
3023 E. Copper Point Dr., Suite 101, Meridian, ID 83642 | View Map

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Phone: (208) 375-5626
Fax: (208) 375-5970