Credit Issues, Preparation & Renovation

Do you know you might have bad credit? Do you think your credit is low and therefore you are disqualified from receiving a home loan?

Winterwood Mortgage offers you a solution to this. We certainly can refer you to many different credit repair services that send letters on your behalf, but we also realize that takes time you may not have. Our knowledgable staff knows what types of credit will qualify upfront, so if you think you are on the fence, by all means hit the button below now! Let's get started!

The better your credit score, the higher probability you have of securing the exact home loan you want. Let one of us talk to you today so we can get you on the path to success before it's too late.

To submit a question about how to qualify, click on the button below and fill out the form it leads you to. We're happy to be able to serve you!

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Applicable Programs

Borrowers who are, or might be underwater on their mortgages have at least another two years (until 2015) to participate in the Home Affordable Refinance Program (HARP) unveiled by Fannie Mae (FNMA) and Freddie Mac (FHLMC) in 2009. For those who are unfamliar with it, it is a program that alllows borrowers to refinance their first mortgages no matter how much money they owe over the total value of their homes. Many lenders restrict the Combined Loan to Value to 125%, but the guidelines set up by FNMA and FHLMC are infinite.

The guidelines for this program are as follows:

  1. Fannie Mae or Freddie Mac should have owned your mortgage by May 31, 2009
  2. You have made your mortgage payments on time for the last year
  3. You have at minimum 80% remaining on your mortgage balance

Of course, your credit history has to remain above 640 median score, and your total amount of mortgage payments (including Seconds, HELOCs, etc) should total over what your home's current appraised value is. If this all sounds like your situation, please let us know by following the green button above. We would love to help you!