Did you know that about 1/3 of people in the U.S. have a FICO credit score of less than 650? Many people have been denied a home loan due to poor credit. Newlywed couple Derek and Kari were limited in their ability to get the loan they wanted last year. Today, however, they’re enjoying being homeowners. In fact, these are the three things they love most about their new home:
- They live down the street from their in-laws (free baked goods and babysitting, anyone?).
- There’s yard space for their Siberian Huskies to roam (energetic and rambunctious Huskies).
- They secured the loan they wanted and accomplished their goals as homeowners (*insert sigh of relief*).
Believe it: there are home loan programs out there that can assist borrowers with less than perfect credit. Carrington Mortgage Services’ government loan programs offer loan options for borrowers with credit scores as low as 550 and low down payments, making homeownership a realistic option.
Watch customers Derek and Kari’s story featured on the Lifetime TV show, Designing Spaces, to learn how this couple moved into their home despite credit challenges. Get inspired as you learn about loan options that can help you become a homeowner too. You might even find your new home near your in-laws… or maybe thousands of miles away from them.