Alternative Credit

Alternative Credit Loans are loans where the borrower has no traditional credit or limited traditional credit. Loan applicants may also have a bad credit history, have filed for bankruptcy, or have had a property in foreclosure in the past.

These loans are FHA loans and generally have a slightly higher interest rate.  The loan requires a 12 month history of rent paid on time and 1 or 2 additional 12 month history of other credit such as utilities, home phone, cell phone, auto insurance and others.