ACC Mortgage (All Credit Considered Mortgage) is a leading non-prime lender that offers a wide range of non-qualified mortgage products. This includes mortgage programs for people with various credit issues, such as low credit scores, or a recent major credit event (bankruptcies, foreclosures, and short sales). Some other popular programs that ACC Mortgage offers are foreign national mortgages, ITIN loans, and investor rehab loans.
ACC Mortgage – Loan Products
Below are some of the mortgage programs that ACC Mortgage offers:
Second Chance Purchase Program – If you have major credit issues, such as a very low credit score, or recent foreclosure, bankruptcy, or short sale, this program may be a great option for you. There is no minimum credit score to be accepted, and there are no seasoning requirements on major credit events. This program requires full income documentation, and you must have 2 month PITI (full mortgage payments, including the principle, interest, taxes and insurance). Also, the maximum DTI ratio (debt-to-income ratio) allowed is 43%.
Foreign National Partnership Program – If you are not a citizen of the USA, but would like to finance the purchase of a home in the United States, you will need a foreign national mortgage.
ITIN Mortgage Program – ITIN loans allow you to purchase a home without the use of a SSN (Social Security Number). These mortgages are a great option for undocumented immigrants.
Investor Rehabilitation Program – Are you an investor looking to purchase a new property, but need flexible credit and income requirements? The ACC Mortgage Investor Rehabilitation Program may be a good option for you. There are no income qualification guidelines, and no minimum credit score required.
ACC Mortgage – Frequently Asked Questions
What is the lowest credit score they will accept?
There is no minimum credit score for several of the loan products that they offer. You could have a very low credit score, or even no credit score, and still may qualify for a home loan.
What are the seasoning requirements for derogatory credit issues?
You may qualify for most of their programs even if you are only 1 day out of a foreclosure, bankruptcy, or short sale. In other words, there are no seasoning requirements.
What states does ACC Mortgage offer mortgages in?
Home loans are offered by ACC Mortgage in the following states: AZ, CA, CO, CT, DC, DE, FL, GA, IL, MD, NV, NJ, NC, PA, SC, TX, VA, and WA.
What is the highest LTV allowed on their programs?
For most of their loan programs, the highest LTV allowed is 80%. Each loan product has it’s own guidelines, and the highest LTV you can personally qualify for will depend on your individual application.
Would you like to see if you qualify for a mortgage? Compare offers from multiple mortgage lenders. Simply get in touch with us via our contact form, and we will do our best to connect with you the best non-prime mortgage lender.