Overcoming Qualification Problems
As the nature of our society changes, many people find themselves not fitting what appears to be an ever-narrowing box in order to get a home loan. The truth of the matter is that hundreds of loan programs exist for people who do not fit the conforming box. Below are a few examples of how some specific problems might be overcome.

My Debt-to-Income Ratio is too High
SOLUTION: There are many loan programs on the market today which feature "expanded criteria" allowing higher debt-to-income ratios for qualifying purposes. While some of these programs come with premium pricing, others do not, and offer the borrower a viable source for getting a loan. Fannie Mae and Freddie Mac’s automated underwriting systems allow for expanded ratios without pricing add-ons.

I Have Poor Credit History
SOLUTION: The "Non-Conforming" or "B-C" market is one of the fastest growing in the mortgage industry. A program exists for nearly every credit problem including bankruptcy and foreclosure. Rates for these programs are typically based on the borrower’s previous 24 months credit history.

I Have Little or No Money for a Down Payment
SOLUTION: Whether you are a First Time Homebuyer or just simply want to take advantage of downpayment assistance in purchasing a home, we at Inman Mortgage Group offer a wide variety of downpayment assistance programs. To determine your qualifications we recommend that you Apply Online today or Contact Us now as we are "Certified to Teach First Time Homebuyers."

I Have Little or No Established Credit
SOLUTION: Many lenders will accept "alternative credit references". In these instances, the borrower may need to provide references or proof of payment for things such as rent, electric, water, telephone and/or auto insurance. Assuming adequate payment history, many First Time Homebuyers programs will accept these references as sufficient credit history.