Many mortgage companies are reluctant to finance people with bad credit or no money to put down. However, for 30 years, Ocean Pacific Capital has handled many clients with bad credit and help them obtain the home of their dreams.

It is possible to improve your credit score and then get a loan at a low rate of interest but this can be a lengthy process. The borrower should try to avoid a bad credit mortgage loan that carries a pre-payment penalty, as some of them do. These bad credit mortgage loans have 6 months up to 2 or 3 years pre-payment penalty. What this means is that the borrower has to pay huge sums of interest for at least 6 months, and at most 3 years, before they can pay off the loan. If there is a pre-payment penalty, it is wise for the borrower to take the loan that has the shortest term.

A bad credit mortgage loan can be approved faster but the loan carries a higher interest rate and will have higher closing fees. Our access to many different types of bad credit mortgage programs will help the borrower ease the process even more and we will find the program most favorable for his/her needs.

Call us today toll-free at 1-800-595-1474 or fill out our online loan application.