Sun American Mortgage

 Are you tired of rent cycles? Instead, focus on buying a house rather than keep paying monthly rent. For millions of Americans, bad credit forces them to stick to the monthly rent cycles. But do you know that you can buy a house in Utah with bad credit? A low FICO® credit score should not keep you from buying a home. In this article, we share tips on buying a house with bad credit. 1.  GO FOR LOW CREDIT SCORE LOANS. Homebuyers will be surprised at the range of low credit score home loans available today—most mortgage lenders in Utah issue low credit score mortgages. A good number of these mortgages are government-backed, with credit score starting at 580, while others begin as low as 500. Here is a quick overview of the low credit score mortgages to help buy a house in Utah. The FHA home loan: This home mortgage is suitable for borrowers with credit scores from 500 to 620. The mortgage borrowers with a credit score of as low as 500 will be required to make a 10% down payment. Borrower

The low down payment or no down payment home mortgage helps first time or buyers to experience the benefits of buying a house in St. George. Essentially, the home mortgage with no down payment allows buyers to purchase a home with no money required at closing except the standard closing costs. So, how does the low or no down payment mortgages work? In this post, we share critical tips for buying a house in St. George with low or no down payment. 1.  CONSIDER THE MOST COMMON GOVERNMENT—BACKED LOANS. Are you low on savings, and you cannot afford to pay the hefty down payments? Consider applying for government-backed mortgage loans. Offered by various mortgage lenders countywide, the government-backed mortgages could be your breakthrough when buying a house in St. George. Here are the joint government-sponsored options when it comes to buying a home with a low down payment. ●    THE VETERAN AFFAIRS MORTGAGE LOANS Commonly referred to as a VA home loan, this is a home mortgage with no down