Buying or refinancing a home is one of the biggest transactions most of us make. House hunting can be exciting and disappointing at the same time. Some people find the perfect home only to find they are ineligible for financing. Others have a tough time refinancing.
We've seen it all. And we understand how you feel. A low credit score alone is not a barrier to a good low cost home loan. Since 1998 Springfield Mortgage has specialized in closing loans others cannot. We use primarily government loans like FHA, USDA and VA. These have the same or near the same interest rates and closing costs as those offered to the very well qualified applicant. Down payments range from zero to ten percent.
Most banks have an artificial minimum credit score requirement. The government guidelines often have a lower score requirement or no score requirement. Springfield Mortgage has established agreements with those banks and lenders who do not have these artificial barriers.
We have the ability to consider scores as low as 500.
If you can answer no to these three questions we encourage you to apply here for an online pre approval.
- Have you had a forecloure in the last 36 months ?
- Have you had a bankruptcy in the last 24 months ?
- Have you had a 30 day late or collection in the last 12 months ?
Even if you answer yes to one or more of these questions we welcome an opportunity to discuss your situation. Often, a strategy can be discussed which could put you in a position to succeed in short order.
Buying or refinancing a home is a big investment. We can be there with you every step of the way. Our company has been in this business since 1998, and we invite you to put our experience and expertise to work for you. The process is not quick or simple as others will lead you to believe. These are mostly government loans and as such have many regulations. However we are very adept at walking you through this challenging process and look forward to your inquiry.
Springfield Mortgage Inc
3125 S Pickwick Pl
Springfield, Missouri 65804
Phone: (417) 877-9997
Fax: (417) 877-9995