Best Lender For Bad Credit 1st Mortgages

Unfortunately, some lenders have experienced severe losses due to the subprime mortgage crisis.  This has caused most lenders to drastically tighten the qualification process for fear of further losses. When searching for a bad credit mortgage lender, it is important to find one that not only provides the lowest rates, but also hasn't excessively tightened its lending standards because of the subprime mortgage crisis. We recommend Quicken Loans. They have an easy online application, and they do not charge any fees whatsoever to apply and receive an approval. Additionally, they are one of the few lenders still willing to provide bad credit 1st mortgages. This will save you a lot of time and hassle of searching through 200 lenders one at a time trying to find one that is willing to approve a first mortgage with bad credit.

Hope this helps...Charlie