Homebridge has been around for more than 30 years as one of the United States’ non-bank mortgage lending institutions and is owned privately by Homebridge Financial Services, Inc. It strives to provide quality lending products for its customers, especially on home loans - making it easier, convenient, and simple.
What there is to know about Homebridge:
Loan Amounts | Not stated |
Term Length | Up to 360 months |
Loan Rates | Not stated |
Min. Credit Score | 500 to 580 |
Better Business Bureau Rating | Not rated |
Time to Funding | N/A |
For home loans and mortgages, Homebridge provides various options for its clients, particularly with its offers of fixed and adjustable rates and other loans such as reverse mortgages, jumbo, super jumbo, and more. The numbers for its rates are not disclosed, but it promises competitive rates with an extension of its services to those who are turned away by other lenders because of bad credit. The credit score requirement is at 500-580, which low score holders can easily afford.
For more information, turn to the highlights below and see other services and benefits for clients.
Credit reports are pulled, along with the score by the lender in order to pre-qualify. However, there are two types of credit pull: the soft and the hard. Soft credit pulls typically do not affect the score of an individual, compared to the other one. Yet, no specifics are provided on which method is utilized.
The accepted DTI ratios for most of the loans are not specified, but those with high ratios are allowed the VA loans, as there is no cap for the DTI ratio in this lending product.
No available line of credit is offered at the moment.
With tools such as mortgage calculators and resources like Credit Basics and Mortgage 101, borrowers are given a chance to improve their credit through these.
For borrowers who may be impacted by unfortunate circumstances, the disaster relief center offers assistance to aid them in payments.
Early payments can be made on most loans without charges, but other loans may have penalties imposed on them.
There are no unsecured loans offered at the current time.
Fees are currently not posted by the lender.
Homebridge is available in 49 states nationwide, and individuals may apply online or in-person.
Looking at the credit score requirement and the kind of service it grants to its clients, Homebridge may be an ideal bank for those with bad credit. The rates are not disclosed, but there are various home loan options available. Furthermore, there is no cap for DTI ratios in VA loans.
Other ideal lenders are Upstart and Avant, which not only accepts those low scores but also offers personal, auto, and lines of credit. Upstart can offer up to $1,000 to $50,000 in loan amounts, with unsecured loans available. Furthermore, Avant can offer up to $2,000 to $35,000 with a line of credit accessible.
How To Finance A Laptop When You Have A Bad Credit? 
Bad Credit Loans Compared: Upstart Vs. Avant 
How Can I Get A Mortgage With A Low Credit Score In The Age Of Covid-19? 
Will My Spouse's Bad Credit History Affect My Credit Score? 
Can My Bad Credit Score Prevent Me From Getting A Job? 
The Most Common Reasons For Declining A Mortgage Application 
How Setting Up Experian Credit Score Alerts Can Help You 
6 Things You Must Know If You Need Long-Term Loans For Bad Credit 
How To Get An Instant Auto Loan Approval With Bad Credit? 
You Can Apply For These Loans Without A Bank Account 
