Home Buying Program for the credit and Financially Challenged
There are two major barriers to homeownership in America. The first barrier is acquiring the money for down payment and closing cost. The second barrier is meeting the credit standards to qualify for a loan. The two barriers work together creating a cycle that is hard to break. That is, the worse your credit the more money you need for Down Payment, the better your credit the less you need. But, if you had the money for a large down payment chances are you wouldn't have the credit problems! Or conversely, if you have perfect credit you probably have money and don't need a loan with a low down payment requirement. See what i mean? This cycle is hard to break and will likely keep a large percentage of americans trapped as renters...never enjoying the safety and security of homeownership.
Success Developers has recognized the above imbalance and created a system of financial and credit assistance that is combined with the specific needs and criteria for homeownership. While most real estate agents and mortgage companies are not interested in helping people with challenges Success Developers is prepared and has the tools to assist you with your needs. We guarantee that with our combined efforts and teamwork you will soon enjoy the benefits of homeownership.
How the Program Works
Before being accepted into the home ownership program Success Developers prescreens every applicant. During the analysis, Success Developers personnel calculate current debt, monthly income and then age all outstanding derogatory debt on the applicant's credit report. Using established relationships between debt, income, and credit aging. Success Developers ensures that the customer will be able to purchase a home within 12-months or less.
Applicants who are accepted and enroll in the Success Developers program will have their information reviewed by a national lender and will be classified as either Qualified or Non-Qualified Approvals. Qualified Approvals, those with acceptable employment, income and credit, will purchase their home right away. Non-Qualified Approvals, Success Developers will work to get you Qualified.