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Hard Money Lender 310-478-5005 | Mortgage Broker Los Angeles CA

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Los Angeles Bad Credit Loans

bad credit loan los angeles ca

There are many situations where you may be financially ready to buy a home in Los Angeles, but your credit rating could be lagging. This may make it difficult or impossible to qualify for a prime loan. This is where Los Angeles bad credit loans come into play. A poor credit loan is exactly what it sounds like—a loan which you may qualify for even without a stellar credit score.

Bad Credit Loans Los Angeles Benefits

A poor credit loan in Los Angeles offers you the following benefits:

  • You can get approved quickly and easily, even if you might not qualify for a prime loan.
  • Once you are approved and start making timely payments on your bad credit loan, your credit should start improving. This may open possibilities for refinancing at a lower rate later down the road.
  • You can make financial decisions about what you can afford. If you apply for a traditional loan, your lender will look at your credit score and make determinations about what you can and cannot afford. But they may disregard valuable information about your broader financial situation, leading them to reject you for loans you should qualify for and properties you know you can afford. With a bad credit loan, you make your own decisions about your financial future.

While bad credit loans in L.A. offer homebuyers options, not all of them are equal. Premiums and interest rates on bad credit loans tend to be higher than they are for prime loans, and terms and fees may also be unwieldy in some cases.

Therefore, Pacshores Mortgage works with a network of accredited bad credit lenders in Los Angeles. Since we have established such strong relationships, our lenders are willing to reduce their fees, interest rates and premiums for our clients. Unadvertised deals like these make bad credit loans affordable, even in an expensive housing market like Los Angeles.

Pacshores Mortgage Can Help You Get Approved for a Home Loan Even with Bad Credit

If you want to buy a home in Los Angeles with poor credit, it is possible—and it can be affordable too. Give Pacshores Mortgage a call at 310-478-5005, and we will schedule you for a consultation to discuss whether a bad credit loan might be a suitable option. We can help you apply and get approved fast so you can move into your new home in Los Angeles.

Do you have questions?

Call us today (310) 478-5005 or fill in form below and we will get back to you as soon as possible.

Client Testimonials

Thanks PacShores for coming through for me in the nick of time. After our Parents passed away and left the small apartment units that I was living in to me and my two siblings, they needed to get out their portion of the inheritance and were determined to force me to sell the units. I needed to keep the property for my family and avoid selling in such a down Market. My Income was low and the Banks refused to accepts the Rental Income from the other Tenants and to approve my loan. It wasn’t a problem when I contacted PacShores, they funded my loan in no time, paid off my siblings, hassle free, and I am very glad I found them.

Tony – Orange, California

 

I took over some Apartments that my Dad owned and had been renting out over the years. Some of the tenants had been there for 10 years and more, the Properties have gotten in disrepair, and the County had also filed substandard violation Liens on the Properties. All the Lenders that I had applied to for a Cash-Out Loan, turn down my application due to the condition of the Properties. With the help of the Loan Officers at PacShores, we were able to customize a loan for me that set aside funds to complete the needed repairs, and clear up all the Substandard Notices and Liens on the Properties, and the extra cash that I needed.

Tracy – Los Angeles, California

 

Hi, I am Real Estate Broker, and Short Sale specialist, and I had very well qualified Buyer with almost 50% cash down payment, under contract on a highly discounted Investment Property purchase. After 3 weeks of getting the runaround with their Bank including my regular Lenders that I normally use, I was convinced they would lose out on this great deal. Luckily an associate referred me to PacShores Mortgage, and within 24 hours they drove buy the property, and had Closing Documents in Escrow by the third day and funded the loan right after. They saved this deal for us. I couldn’t thank them enough and would use and recommend them to all my associates in the future.

Javier – West Covina

 

Hello, our Credit Scores had become so low after we went through a Loan Modification process and Short Sale on our previous house. Thereafter, we couldn’t find a Bank willing to consider us for a new Home Loan, even though we had substantial funds for a Down Payment. The folks at PacShores Mortgage were very understanding and glad to review and approve our loan application. Thanks to them, we are proud owners of a new, more affordable four Bedroom house again.

Susan – Fresno, California

 

My wife and I own a successful and profitable Business, and also own a number of Rental Units. Due to the Freeze in Bank Lending we decided to refinance one of the Rental Units we own outright, to access the credit we need to efficiently run our Business. Unfortunately due to the write-offs we show on our Tax Forms, the Banks we contacted were misreading our Income and cash flow and declined to approve our loan application. Our experience was different at PacShores, the easily identified our true Income and approved our loan promptly, and we didn’t even need to provide them any Tax Returns.

Cindy – San Diego, California

 

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11400 W Olympic Blvd #830

Los Angeles, CA 90064

(310) 478-5005

info@pacshoresmortgage.com

NMLS: 366402
BRE: 00956342

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