Subprime Mortgage Lending

Lenders Nationwide has sub-prime mortgage lending options for all types of borrowers. Get access to cash in your home and partner with the top equity lenders online. Get cash out with your home equity for debt consolidation or simply accessing additional cash. Home equity loans can be a valuable tool for many purposes . Get a traditional Rate & Term Refinance mortgage or consider a Cash-Out Refinance while the interest rates are still below seven percent nationally.

Find a Local Broker or Mortgage Lender in your neighborhood! Search for lenders and shop interest rates with the top home mortgage lenders online. Get free quotes for mortgage refinance and with programs for bad credit, rate and term, debt consolidation and cash out.

Why do Fico credit scores matter?

Credit scores can have a significant impact on your chances of qualifying when you apply for a mortgage, or home equity loan.

What is a credit score?

Your credit score is a numerical representation of your credit history. The lower your score, the higher risk you are to lenders.

Who makes the scores?

Fair Isaac Corporation is the original company that came up with the credit score innovation. They are responsible for these scores called FICO scores.

What companies maintain the credit scores?

Credit scores are derived from reports kept by major credit agencies, including Experian, Equifax and TransUnion. These agencies track the amount of debt consumers have taken on and whether they pay their bills on time.

What is the range of a credit score?

Credit scores range from 400-850. Where you fall within this range will determine what Mortgage lenders and brokers can offer you.

National Community Reinvestment Coalition
Includes 640 community groups nationwide and maintains the Consumer Rescue Fund (www.fairlending.com) which helps predatory lending victims by negotiating with lenders, seeking mediation and finding alternative financing.

Fair Isaac
Are you interested in finding out what factors affect your credit score? This link will provide a comprehensive explanation of credit scores and how they are used by lenders in the loan decision process.

Credit Counseling Center of America and
National Foundation for Credit Counseling
These are two links to organizations that provide loan education to consumers. Both are non-profit, and offer confidential credit counseling. Neither is affiliated in any way with Ameriquest.

ACORN Housing
Free housing counseling for low and moderate income people in 40 cities on home buying, refinance, reverse mortgages, predatory lending and credit.

National Fair Housing Alliance
A consortium of fair housing organizations that advocates for equal opportunity in apartment rental, real estate, mortgage lending and homeowners insurance markets.

National Council of La Raza
The largest national constituency-based Hispanic organization, established to reduce poverty and discrimination and improve life opportunities for Hispanic Americans.