Solutions

If you've had credit problems in the past, we have a program that may help you make financial security a part of your future.  The Solutions program uses common sense guidelines to help more people get the financing they need to reach their goals, even if they don't fit the usual credit standards.

Everyone runs into financial obstacles at some point, and sometimes those challenges can have an adverse effect on credit.  That shouldn't force you to take on a loan with terms that could make your financial situation worse.  The Solutions program gives you the power to choose a loan type that fits your goals, and the flexibility to refinance at a better rate after the first year. 

FHA mortgage

FHA mortgages, which are insured by the Federal Housing Administration, make home financing possible for people who might not qualify for conventional mortgage programs.  They offer:

• Flexible approval requirements for people who have less-than-perfect credit or lack a traditional credit history
• Low down payment and closing costs, with the option to use gift money for 100% of the down payment
• Expanded qualifying ratios for people with low-to-moderate incomes

VA mortgage

VA mortgages, which are insured by the Department of Veterans Affairs, make home financing easier and more affordable for veterans, reservists, and active-duty service members.  They offer some of the easiest approval requirements of any mortgage, including:

• Flexible credit guidelines
• Expanded qualifying ratios
• The option to use gift money or secondary financing

Loan Comparison

Loan Program	How It Works	Why Consider It
Solutions	Offers expanded approval requirements that may work with your credit situation.  Available with a variety of loan types and features.	Competitive interest rates compared to other loans with similar guidelines Chance to refinance at an even better rate after a year of on-time payments
FHA mortgage	A government loan designed to make homeownership more accessible to people with little money and imperfect credit.	A good option if you don't have a high income Low down payment requirements
VA mortgage	This government-backed loan for veterans and eligible family members requires no credit check or income verification.	Rewards military service with homeownership opportunities Income and credit requirements make qualifying easier

Terms and conditions apply. Some programs may not be available in all states.  State restrictions and limitations may apply. Contact your loan representative for complete details.