Good Credit Loans

Loans for People with Good Credit

“A” credit loan – A mortgage for a very stable borrower with excellent employment and credit history. These are sometimes called “vanilla loans” because the meet general mortgage guidelines and are easy to complete. This type of loan/borrower often qualifies for the most attractive rates available. A credit score of 720+ is one of most important criteria in establishing a “A” rating.A credit is a very loose term that applies to basically just having good credit with a good score. You can have perfect credit, no lates ever, no collections and no derogatory credit ever and still have a low credit score and not be considered “A” credit. There may be many reasons for this low score. You may be maxed out on all of your revolving credit (credit cards and such) and have a lot of inquiries. These two items can negatively affect your score and remove you from the A credit classification.

When shopping for a “A” paper credit loan, it is important to remember that this does not necessarily guarantee a low rate. Adjustments will be made to an interest rate for such factors of;
Cash-out of equity
Self-employment
Income ratios
Loan to Value ratios
Region/location
etc. Ask your mortgage professional about what adjustments will affect your interest rate and payment.

“A” paper loans are for borrowers with good credit and work history and are commonly referred to as conforming loans because they conform to standards set by Fannie Mae and/or Freddie Mac. Loans that do not conform to standards set by Fannie Mae and/or Freddie Mac are called “Alt-A” loans. Probably due in a large part to the complex nature of life in our current times, less and less borrowers are falling into that perfect, vanilla, “A” borrower category. The mortgage market has reacted to this fact and offers a large variety of alternative A and subprime loan programs so that home ownership is possible for just about everyone.

Available Mortgage Loan Products

Purchase Transactions including first and second trust mortgages
Refinance Transactions for Rate and Term as well as Cash-Out Refinances
Stand-Alone Second Mortgages (Home Equity Loans -HELOAN and Home Equity Lines of Credit -HELOC)
Construction Loans
Government Loans such as VA and FHA

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