CONTACT US:

30021 Tomas St.
Suite 300
Rancho Santa Margarita, CA 92688

Fax: 949-203-6434
800-235-6219

Mortgage Angel

SubPrime

This site is for all loan amounts and borrowers with not-so-perfect credit.

These programs don't primarily look at your credit score but rather your overall credit. You can have 30,60, 90, 120 even 180 days lates in a 12 month period. You can even have a Bankruptcies or Foreclosures in the past. Current collections or judgements may be required to be paid with the new loan if over $500 or currently reporting in your credit report.

These loan programs can be used for Purchase, refinances, full income documentation and ez qualifier/no income verification.

Rates for these programs range from 7.5% to 12% for a 30 year fixed. Also offered are a 2 year, 5 year and 15 year fixed. The shorter term fixed becomes adjustable after the fixed period is over. Depending on your income and debts we can structure an interest rate that will work for you.

Loan amounts are relative to the loan to values. You can get up to 100% Loan to value on a $500,000 loan amount with credit scores from 600 down to 90% loan to value over $500,000 with over 500 credit scores. Full doc and Stated income loans.

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If you need higher loan to values, we do a 1st and a second concurrently to satisfy your loan requests. Please keep in mind that these loans amounts and loan to value are relative to your credit and amount in reserves. If you have bad credit less than 12 months, you can expect not to get higher than 90% on a loan. We have a 100% loan for a purchase or refinance for a borrower with full income documentation and a minimum 600 credit score in California, 580 elsewhere. If you had a Bankruptcy of Foreclosure under 3 years you can not get a loan for more than 80% loan to value. So you have to have 20% down, either on your own, gift or seller carry back. Also after BK, you must have a relatively clean credit history with no major derogs. We also have a 100% LTV loan for Refinance mtg. only with a min. of 630 credit score. or 580 to 90% LTV.

As you can see there are numberous programs that you might fit in. We don't just offer one rate and one program. Because every borrower is unique, we want to give you an accurate rate or approval, please click here to complete the loan application on-line or you can print it and fax it in. About Us    Quick Approval    Best Rate    Business Loan    Mortgage Calculator
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To go directly to the Loan Application