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Russell Elam
Russell Elam
The Mortgage Pilot
NMLS #174514
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Simple Guide For Home Buyers With Poor Credit History

Simple Guide For Home Buyers With Poor Credit History

Tip 1

Don’t assume you can’t qualify for a mortgage if you have a low credit score because of a limited credit profile — or even no credit score at all. Some lenders are willing to work with borrowers to establish a nontraditional credit profile or to find ways to improve a low credit score.

Tip 2

A larger down payment, higher levels of cash reserves, and a verifiable income that can easily cover your mortgage payment can help compensate for credit issues.

Simple Guide For Home Buyers With Poor Credit History

Tip 3

Applying for a credit card and using it responsibly can boost your credit score, but you can also rely on other sources to establish your financial history, such as your rent payment and other bills.

Tip 4

It’s a good idea to talk to your lender about their programs and know your options BEFORE you look at homes. You don’t want to get your hopes set on a home, and then not be able to afford it.

Summary

Lacking a great credit and payment history isn’t the end of the world. It just means you have a few more hoops to jump through. Feel free to schedule a mortgage consultation with me and I can walk you through the process.

Russell Elam

Russell Elam

The Mortgage Pilot NMLS #174514
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*The mortgage payment quiz is for estimation purposes only. Qualification, rates and payments will vary based on timing and individual circumstances.
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Where are you located?
CONTINUE
What type of home are you purchasing?
Estimate your credit score.
CONTINUE
What is the purchase price of the new property?
$80k$2M+
CONTINUE
What is your estimated down payment?
0%50%+
CONTINUE
Where are you at in the property search?
Are you working with a realtor?
What is your full name?
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What is your email address?
CONTINUE
What is your phone number?
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Russell Elam
The Mortgage Pilot NMLS #174514
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See if you're paying too much for your mortgage!
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*The refinance quiz is for estimation purposes only. Qualification, rates and payments will vary based on timing and individual circumstances.
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 / 16
Where are you located?
CONTINUE
What type of home do you own?
Estimate your credit score.
CONTINUE
Please estimate the value of your property.
$80k$2M+
CONTINUE
What is the remaining 1st mortgage balance?
$0$300k+
CONTINUE
What is your 1st mortgage interest rate?
0%10%
CONTINUE
What kind of rate do you have?
What kind of rate would you prefer?
How will this property be used?
Do you have a 2nd mortage?
Would you like to borrow additional cash?
What is your average monthly income?
$0$50k+
CONTINUE
What are your average monthly expenses?
$0$50k+
CONTINUE
What is your full name?
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What is your email address?
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What is your phone number?
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Russell Elam
The Mortgage Pilot NMLS #174514
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relam@genevafi.com
Isn't it time you made your HOME EQUITY work for you?
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*Geneva Financial is not affiliated with any government agencies. These materials are not from HUD or FHA and were not approved by HUD or a government agency. Reverse mortgage borrowers are required to obtain an eligibility certificate by receiving counseling sessions with a HUD-approved agency. The youngest borrower must be at least 62 years old. Monthly reverse mortgage advances may affect eligibility for some other programs. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply.
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Where are you located?
CONTINUE
Age of borrower
CONTINUE
What is your current property value?
$80k$2M+
CONTINUE
What is the balance of your mortgage?
$80k$2M+
CONTINUE
What type of home do you own?
Reason for Reverse Mortgage Loan?
CONTINUE
Estimate your credit score.
CONTINUE
What is your full name?
CONTINUE
What is your email address?
CONTINUE
What is your phone number?
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Thanks for your
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Need more help of your homeownership journey? Schedule an appointment today. Or contact directly:
Russell Elam
The Mortgage Pilot NMLS #174514
Schedule a consultation
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relam@genevafi.com
Stop paying your landlord.
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The Rent v's Buy quiz is for estimation purposes only. Qualification, rates and payments will vary based on timing and individual circumstances.
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What is your monthly rent payment?
CONTINUE
What's your monthly rental insurance?
CONTINUE
What's the price of the home you are considering?
CONTINUE
How much down payment can you afford?
0%50%+
CONTINUE
How long would you want your mortgage to be?
CONTINUE
What is your annual income?
CONTINUE
Are you a Veteran or spouse of a Veteran?
What is your full name?
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What is your email address?
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What is your phone number?
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Need more help of your homeownership journey? Schedule an appointment today. Or contact directly:
Russell Elam
The Mortgage Pilot NMLS #174514
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relam@genevafi.com
Your dream home renovation is only 2 minutes away
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*The mortgage payment quiz is for estimation purposes only. Qualification, rates and payments will vary based on timing and individual circumstances. This is not a commitment to lend.
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Question 
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 / 11
Where are you located?
CONTINUE
What are you renovating?
CONTINUE
How soon do you want to renovate?
What type of home are you renovating?
What type of loan do you want?
How much do you need to borrow for your project?
$80k$2M+
CONTINUE
How long do you need to pay off your loan (in years)?
1 year12 years
CONTINUE
Estimate your credit score.
CONTINUE
What is your full name?
CONTINUE
What is your email address?
CONTINUE
What is your phone number?
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Your information won’t be sold
Thanks for your
information request!
Need more help of your homeownership journey? Schedule an appointment today. Or contact directly:
Russell Elam
The Mortgage Pilot NMLS #174514
Schedule a consultation
Your information won’t be sold
relam@genevafi.com
Let’s Calculate Your VA Loan Savings Today!
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*A down payment is required if the borrower does not have full VA entitlement or when the loan amount exceeds the VA county limits. VA loans subject to individual VA Entitlement amounts and eligibility, qualifying factors such as income and credit guidelines, and property limits. Geneva Financial is not affiliated with any government agencies. These materials are not from VA, HUD or FHA, and were not approved by VA, HUD or FHA, or any other government agency.
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Question 
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 / 10
What is your branch of service?
CONTINUE
Are you currently serving?
What type of home are you renovating?
Where are you located?
CONTINUE
What type of home are you purchasing?
What is the purchase price of the new property?
$80k$2M+
CONTINUE
Where are you at in the property search?
What is your full name?
CONTINUE
What is your email address?
CONTINUE
What is your phone number?
Prev
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 %
Your information won’t be sold
Thanks for your
information request!
Need more help of your homeownership journey? Schedule an appointment today. Or contact directly:
Russell Elam
The Mortgage Pilot NMLS #174514
Schedule a consultation
Your information won’t be sold
1 Geneva Russell Elam relam@genevafi.com