B/C Loans
- B/C Loans:
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B/C Loans do not meet the credit requirements of Fannie Mae and Freddie Mac. They are known as B, C and D paper loans. Loan applicants typically have a bad credit history, have filed for bankruptcy, or have had a property in foreclosure.
B/C Loans are often issued as temporary loans until the applicant can restore credit and qualify for conforming "A" loans. Interest rates on B/C Loans are generally higher than for conforming "A" loans.
Here at Homeowners Mortgage we can help with B/C Loans. We are conviently Located on Sherwood Forest Blvd right here in Baton Rouge so if You are in East Baton rouge, West Baton Rouge, Livingston, Ascension or Tangipahoa Parishes we are right around the corner but we service the entire state of Louisiana.