In an industry where companies come and go, Budget Finance Company and its family of companies have been here for over fifty years, riding out the ups and downs of the real estate and financial markets, providing residential and commercial borrowers with mortgage loans that suit their individual needs.
We believe that unconventional circumstances
should not prevent you
from obtaining a mortgage.
BFC specializes in solving the real-world problems that other mass-market lenders choose to avoid. Loans that, for one reason or another, do not fit inside standard mortgage qualification criteria. In other words: Loans Outside the Box. Some of the factors that can make a loan non-standard are:
- Type of Borrowing Entity. (Click HERE for details)
- Type of Collateral Real Property. (Click HERE for details)
- Zoning or Condition of the Collateral Property
Most lenders require the property to match the current zoning. For example a Single Family Residence (SFR) located in a residential area. If you have a SFR located in a commercial zone, we will consider the application based on the properties legal non conforming status.
If your lender requires repairs to be completed before they will approve your loan, we many be able to provide an option? Let us fund a loan to do the repairs? We will consider property in an average or below average condition and let you repair the property with the loan proceeds.
- Unusual Sources of Income or Methods of Income Documentation
Not every applicant is a wage earner and some sources of income and documentation require alternative methods of confirmation. At Budget we will customize the process to fit your specific type and source of income.
- Condition of Title to Real Property
- Your Personal Credit History
We want to give you every opportunity to get a loan. If you have had credit problems in the past or currently we will try to find a loan that works for you.
- Your Personal Credit Experience
Most lenders require a minimum number of accounts open in your name to get credit. At Budget we will consider traditional and non traditional credit to get you approved.
- Emerging from Bankruptcy
Even if the are still in Bankruptcy or have recently completed your plan, we may be able to make you a loan. We don’t require you to want 6 months or more to get credit.
- Your Assets tied-up in Probate
Assets and no cash? If you are the Personal Representative of a probate estate and your assets are non liquid, like it real estate, we make be able to provide liquidity to cover the costs and expenses of administration.
As we like to say "We do some weird stuff". We employ flexible underwriting standards that consider the specific needs of each customer, utilizing the best technology available while providing a high level of professionalism and personal service unsurpassed in the industry.
Contact Us today if your would like to discuss a mortgage solution tailored to your needs.
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