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  • Home > Loan Programs > Low Credit Mortgage

    Person handing over keys to a home. Find bad credit mortgage solutions with AFR.Low Credit Mortgage Solutions - Get Moving in the Right Direction

    At American Financial Resources we believe that there is more to a person than their credit score, and many people with less than perfect credit deserve the opportunity to own a home while they rebuild their credit. We are excited to offer a unique program for those with FICO scores as low as  620 who might not normally qualify for a mortgage due to their credit history. If you have lower credit but are on track for improvement,  this special FHA loan can provide you with a great opportunity to rebuild your credit and enjoy all the benefits of home ownership.

    What if my credit score is below 620?

    We know that many hardworking Americans have had credit issues that pushed their scores below 620. Don't worry - there are steps you can take to repair your credit and increase your scores so that you will qualify for a mortgage before you know it. While no one can guarantee they will increase your score here are a few tips that should help:

    • Pay every bill on time - every month, no exceptions. This will have a large impact on your poor credit scores.
    • Pay down credit cards and other revolving accounts to below 30% of the credit limit.
    • Make sure your credit report is accurate. A surprising number of people have mistakes on their credit reports that could be lowering their scores. Go through your report line by line and dispute any inaccuracies with the credit bureaus. There is information on how to do this on each of their websites.

    If you remain diligent about paying bills and minimizing debt your low credit will be a thing of the past!

    Request a quote for a lower credit mortgage from American Financial Resources

    Call 800-316-9508 today to speak to a mortgage expert at American Financial Resources. Work with a loan consultant who specializes in this area so you can be confident there will be no surprises during the loan process. You can also Get Started Online and let us get to work right away!

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    American Financial Resources is a BBB Accredited Business. Click for the BBB Business Review of this Mortgage Banker in Parsippany NJ