Are you making moola flipping homes?  ✅💯🔆

See how this person is mackling a boat load of money flipping homes..😃
** SouthCreek Flips Shows Us How to Fix-and-Flip Like a Boss (level4funding.com/) ———————————————————— As you may know, Level 4 Funding is a hard money lender, and we help many people realize their dreams, especially those who focus on fixes and flips or rehabs (level4funding.com/) . Occasionally, we come across someone whose story and work are just too inspirational not to share. Pam Bauer and Marsha Burton of SouthCreek Fix and Flips (level4funding.com/) are two such people. Marsha was kind enough to talk briefly about their recent flips and what keeps them in the business.
** Pam’s Been a General Contractor for 25 Years ———————————————————— A background in the industry makes the transition to flipping houses much more accessible. Pam’s 25 years of work as a general contractor gave her an excellent background for fix-and-flips. With nine years of direct fix-and-flip experience and Marsha as a partner, SouthCreek Flips has completed 18 properties in 3 years.
** The Pair Follows the Motto, “The Uglier, the Better” ———————————————————— While those just getting into the fix-and-flip business (level4funding.com/) will likely want to select modest projects, the expertise these ladies bring to the table means they can tackle homes that others might shy away from. “Hoarder houses,” as Marsha calls them, are a favorite. The pair explicitly targets homes that might appear beyond help to others due to trash and debris, filth, or shoddy upkeep, and often networks with realtors and other real estate investors to help ensure the suitable projects land with the right rehabbers.
** Carving Out a Family Paradise is its Reward ———————————————————— Even though fix-and-flips can be lucrative if you know what you’re doing, Marsha says they’re driven by more altruistic means. The pair works primarily in low-income areas, restoring 2-3-bedroom homes for people who want a nice place to stay near family but can’t find quality housing. Her favorite project to date involved rehabbing a hoarder house with mold problems. The house sold before it even listed for more than the asking price because the buyer was so excited to have the opportunity to purchase a lovely home near his mother. Check out the stunning photos of it below!

** After All These Years, Some Homes Still Come with Surprises ———————————————————— Those who do fix-and-flips for a living (level4funding.com/) have expert eyes and know how to size up a property well, but even the pros find ugly surprises from time to time. We asked Marsha what their biggest surprise was thus far. “We noticed some plumbing was a little corroded when replacing a fixture,” she explained. “You can rig a house to death and put it on the market and Pam, and just I can’t do that.” So, they did what they always do: address the corroded plumbing. Unfortunately, this led to an unsavory discovery: a former owner created his sewer system with cinder blocks. The pair were forced to drill it all out, remove it, and replace it to code.
** Watch for More to Come from SouthCreek Flips ———————————————————— The dynamic duo has been focused purely on their projects thus far and doesn’t have a digital footprint yet, so be on the lookout for a website in the future. You may also catch their current project on Garfield, which will be hitting the listings any day now.
If you liked hearing Pam and Marsha’s story, come back here as we continue to highlight more of the great things Level 4 Funding clients are doing with their hard money loans or contact us directly if you think you’ve got what it takes to become a home rehabber and need funding for your project.

Matt Prosory RI/MLO/Broker (level4funding.com/) NCO Enterprises LLC Dba Setabay Private Hard Money (level4funding.com/) 26731 N 90th Drive Peoria AZ 85383 Telephone: 623-582-4444 NMLS 2062278 NMLS 1118493
Equal Housing Opportunity. This is not a Good Faith Estimate nor a Guarantee to lend and should not be considered as such. Costs, rates, estimates, and terms can only be determined after completing an application. Actual payments will vary based on your situation and current rates. APR for loans ranges from 7.99 – 29.5% and is based on Credit Score, Down Payment, LTV, and Income. Mortgage rates could change daily. For more accurate and personalized results, please call 623 582 4444 to talk to a licensed mortgage expert. Terms and conditions of all loan programs are subject to change without notice. NCO Enterprises LLC Dba Setabay Private Hard Money 26731 N 90th Drive Peoria AZ 85383 Telephone: 623-582-4444 NMLS 2062278 NMLS 1118493 This email is for the exclusive use of the intended recipients and may contain privileged and confidential information. If you are not an intended recipient, please notify the sender, delete the email from your computer, and do not copy or disclose it to anyone else. Your receipt of this message is not intended to waive any applicable privilege. Neither this email nor any attachments establish a client relationship, constitute an electronic signature, or provide consent to contract electronically unless expressed by Matt Prosory RI/CEO, in this email or an attachment. To the extent, this message includes any tax or legal advice. This message is not intended or written by the sender to be used, and cannot be used, for legal or tax purposes or advice. This email is an advertisement.
Copyright © 2023 Setabay Private Hard Money, All rights reserved. 3 Want to change how you receive these emails? You can update your preferences (dennislove.us11.list-manage.com/profile?u=75b20992fb81bd4c67ed6fe3c&id=ad1a4893f4&e=__test_email__&c=9980fa1a3b) or unsubscribe from this list (dennislove.us11.list-manage.com/unsubscribe?u=75b20992fb81bd4c67ed6fe3c&id=ad1a4893f4&e=__test_email__&c=9980fa1a3b)
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Considered Using A Hard Money Lender?

One of the most common hurdles for new investors is finding money to fund their deals. While this can be a struggle at times, finding the capital you are looking for is currently more accessible than ever. Between lines of credit, private lenders, retirement funds, credit cards, and traditional bank loans, numerous options are available to those who know where to look. The key is to find a funding source that works for you. Often, that source will be a hard money lender. The hard money lender in phoenix has gotten a bad rap over the years but has proven a reliable way to fund deals. If you don’t have a hard money lender in Arizona outlet or have yet to use one, now may be the time to find as much information on them as possible.
A hard money lender is an individual or group of individuals that lend money on their own terms. They put stock in the property and the real financials of the borrower more than anything else. With traditional lender financing, if your credit score falls below a certain threshold you may have trouble getting approved regardless of other factors. However, Phoenix hard money lenders have their own set of criteria. For this flexibility, there are more fees and higher interest rates to deal with. Some investors will balk at those opting for lower rates that banks offer. This can work on certain properties and deals, but you need to be able to act quickly on those that are time-sensitive, and that’s exactly what hard money allows you to do. Here are just a few of the benefits of using a hard money lender:
1. Speed: In today’s real estate landscape, how quickly you can close is often more important than the amount you offer. Too many lenders have been burned in the past waiting for deals to close that never do. Even if they do close, the average length of a financed transaction approaches 45 days. Most sellers would rather take a slight discount with the assurance they can close in a week than risk closing in 45 days. This speed gives you the ability to make offers with five or seven-day closings. On borderline deals, you can bet that your offer will be the one that is accepted.
2. Volume: Instead of waiting 45 days to start working on the property, you can cut the time down to just a few weeks. Shaving a few weeks off every rehab project you start gives you the opportunity to close more deals over the course of a year. Adding just one or two deals to your portfolio will increase your bottom line exponentially. Often, you may be able to close two or three times the volume you closed the previous year. When the number of deals, you complete starts to creep upward, so will the number of contacts you make. The people you meet are just as important as the deals themselves, if not more so. Remember, real estate is a people business. The more deals you do, the more contacts you can make. In turn, those contacts may even lead to more deals.
3. Quality: Having capital to close is only part of the benefits that coincide with Arizona hard money. With hard money in your corner, you could do whatever needs to be done for the property. Instead of cutting corners to save money, you can do the work that you know needs to be done. This will help you maximize your bottom line and improve your reputation in the industry. Realtors and fellow investors who see your finished products may want to work with you down the road. Quality will also help get your property sold to end buyers much faster. Instead of hoping that an offer comes in, you will have your choice of deals to choose from.
4. Bigger Projects: Increased capital allows you to slowly build your way up to bigger projects. Instead of looking solely at single-family properties, you can start to look at multifamily and commercial deals. Furthermore, closing more deals will increase your personal capital and give you a larger share of bigger deals. There is nothing wrong with sticking to condos and single-family properties, but having hard money behind you gives you the opportunity to explore other options that come your way.
Aligning yourself with a hard money lender doesn’t mean you have to use them on every deal. A property that you want to buy, and hold may be better served with a long-term interest rate of around four percent. However, most rehab projects need the efficiency that hard money brings. The goal should be to save some capital from every deal until you have enough saved to fund them yourself. Until you get to that point, you may have to make a little less per deal to increase your bottom line.
The biggest knocks on hard money are the high fees and points. These accrue from the time of settlement until you can sell the property. In some cases, it can span several months. However, it is a small price to pay for what you get. The annual interest over just a few months is a relatively small factor compared to all the other expenses you will incur. Additionally, you only pay these on deals you close. If you can’t close, you can’t earn, and hard money helps you close more deals. It is not for everyone in every deal, but should be a part of your financing options.
Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC 
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com
Dennis Dahlberg Broker/RI/CEO



NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701  
About the Author:  Dennis has worked in the real estate industry for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the excellent investment opportunities trust deed investing and hard money loans provided. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 43 years. They have two beautiful daughters and five amazing grandchildren. Dennis has been an Arizona resident for the past 45 years.

DIY Decorative Glass Jars:

DIY Decorative Glass Jars: Put Vinyl on Mason Jars without a Cricut Machine.

Add vinyl on mason jars to make quick and easy decorative glass jars for fall.

This simple technique will have you adding these jars all over your home. Welcome, fall, with a friendly greeting! Fall jars are my absolute favorite thing to decorate with. Adding vinyl without a Cricut machine to the front is easy and can be completed in minutes.


Thank you for joining Lucy and me today. Hope to see you next time.
Joan@CraftingWithJoan.com” target=”_blank” style=””>Joan@CraftingWithJoan.com

Fun to Make Flip Flop Cookies For Summer Treats

DIY Flip Flop Cookie Fun To Make

DIY Flip Flop Cookie Fun To Make For Summer Treats

Easy DIY Flip Flop Cookies made from Nutter Butters, candy coating, and colorful candies. Make this summer a little sweeter by kicking it off with our Flip-Flop Cookie Tin. This colorful round tin is decorated with summertime flip-flops and comes with our deliciously sweet ten original cookies and two frosted cookies. This easy no, bake dessert is perfect for summer parties! NUTTER BUTTER FLIP-FLOP COOKIES THAT ARE SUPER EASY TO MAKE If you are planning a beach theme party, nothing can be more perfect than these nutter butter flip-flops cookies. Flip Flop Cookies are so Adorable and super Easy to make! All you need is just a few ingredients, and you can make a ton of these quickly. Such a fun idea for Summer!

Making a Beautiful DIY Summer-Themed Wreath

Making a Beautiful DIY Summer-Themed Wreath – Nice Home Décor – for A Stylish Front Door

We’re curating the best examples of  Stylish Front Door wreaths and door decor for your summertime porch with this board. Scroll through for inspiration to decorate your door. Summer wreaths deserve to be part of your warm-weather decor during the other half of the year when DIY spring wreaths feel too seasonal. Find Inspiration, Decorating Ideas & Smart Solutions for Your Holiday Season. Get Ready For the Holidays and Find Seasonal Door Wreaths.
 
https://youtu.be/kl0EIFLD2Mo
Thank you for joining Lucy and me today. Hope to see you next time.
Joan@CraftingWithJoan.com” target=”_blank” style=””>Joan@CraftingWithJoan.com

DIY Easy To Create Your Own DYI Lovely Coasters

Thank you for joining Lucy and me today. Hope to see you next time.
Joan@CraftingWithJoan.com” target=”_blank” style=””>Joan@CraftingWithJoan.com

Can You Buy A House With Bad Credit in Arizona?

It is entirely possible to buy a house with bad credit In Arizona. If for nothing else, credit reports are essentially a measure to suggest how likely a borrower is to pay their debts back—not a binary indicator of whether someone qualifies for a mortgage. That said, better rates and opportunities are awarded to those with higher scores.
Learning how to buy a house with bad credit starts with undersigning what your current credit score is worth in the eyes of lenders. Here’s a general scale of what borrowers can expect to receive concerning their current FICO Score:
Less than 580: Theoretically, borrowers may qualify for a loan with a FICO score lower than 580 (down to 500). However, any borrowers with a FICO score between 500 and 579 will be limited to FHA loans. Since borrowers with a score lower than 580 represent the most significant risk to lenders, the Federal Housing Administration will require their loans to be insured. In addition, to qualify for an FHA loan, borrowers must put down at least 10% and pay off any unpaid collections and judgments.
580 – 669: Borrowers with a FICO Score between 580 and 669 may also qualify for an FHA loan but won’t necessarily have to put as much money upfront. Mo borrowers in this range may qualify for an FHA loan with as little as 3.5% down. Perhaps even more importantly—for some—this is the range that qualifies borrowers for loans guaranteed by the Department of Veterans Affairs (VA loans). This is also the range borrowers may be able to apply for a conventional loan (if they meet other requirements).
670 – 739: Borrowers with a FICO Score between 670 and 739 may apply for conventional loans. Since they represent less risk than the previous categories, borrowers with a credit score in this area will have more options.
740 – 799: Borrowers who fall under this category are considered to have a very good credit score, which means lenders are more willing to extend them more credit at a better rate.
Eight hundred or more: Anyone with a credit score of 800 or more represents the least amount of risk to lenders. Since borrowers in the category are the most likely to pay back their debts without defaulting, lenders and banks are more willing to extend larger amounts of credit at their most competitive rates.
Home loans for bad credit holders do exist. However, the better the credit score, the more opportunities borrowers will gain access to.
Learn How to Fix your Credit Here.
Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com
Dennis Dahlberg Broker/RI/CEO

NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701

Equal Housing Opportunity. This is not a Good Faith Estimate and this is not a Guarantee to lend and should not be considered as such. Costs, rates, estimates and terms can only be determined after completion of a full application. Actual payments will vary based on your individual situation and current rates. APR for loans vary from 7.99 – 29.5% and is based on Credit Score, Down Payment, LTV, Income. Mortgage rates could change daily. To get more accurate and personalized results, please call 623 582 4444 to talk to one of our licensed mortgage experts. Terms and conditions of all loan programs are subject to change without notice. Level 4 Funding LLC, 22601 N 19th Ave Suite 112, Phoenix AZ 85027, 623-582-4444 NMLS 1018071 AZMB 0923961 This e-mail is for the exclusive use of the intended recipients, and may contain privileged and confidential information. If you are not an intended recipient, please notify the sender, delete the e-mail from your computer and do not copy or disclose it to anyone else. Your receipt of this message is not intended to waive any applicable privilege. Neither this e-mail nor any attachment’s establish a client relationship, constitute an electronic signature or provide consent to contract electronically, unless expressly so stated by Dennis Dahlberg RI/CEO, Level 4 Funding LLC, in the body of this e-mail or an attachment. To the extent this message includes any tax or legal advice this message is not intended or written by the sender to be used, and cannot be used, for legal or tax purposes or advice.
 

About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.
© 2022 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions

Buying A House With Bad Credit: A Guide To Your Home Loan Options

The thought of buying a house can be overwhelming. Starting the home buying process with buying a home with bad credit can make it seem nearly impossible to get a loan, but did you know there’s such a thing as a bad credit home loan? Your credit might not be as much of a roadblock as you think.

In this post, we’ll talk about buying a house with bad credit in Arizona, understanding your credit score, how to qualify for a mortgage andincrease your score quickly.

What Do Mortgage Lenders Consider A Bad Credit Score?

Most borrowers don’t know this, but many lenders don’t require a specific minimum credit score to buy a house. The catch-22 is that a conventional mortgage lender is free to set their own requirements when it comes to your credit score. Although government-backed loans give mortgage lenders some peace of mind, they still have credit score requirements, even if they are usually much lower.
If you have a credit score lower than 500, you might find getting a mortgage a bit hard and will probably need to focus on increasing your score first.

Can You Buy A House With Bad Credit?

When it comes to the actual number, anything less than a 670 FICO® Score is considered “bad” or “subprime,” according to Experian™, one of the three main credit bureaus. More specifically, a fair score is 580 to 669, while a poor score is 300 to 579. The thing about having poor credit is that it’s not the same as someone else’s bad credit.

No two situations are the same, and outside of your actual score, lenders will also be looking at things like:
  1. How much the borrower has available for a down payment
  2. The borrower’s overall amount of debt
  3. How much income the borrower earns
  4. If the borrower has any debts in collections

Cash is your best friend when you have bad credit and the more of it you have to use toward a down payment, the better. The reason for this is that your credit score might only qualify you for a certain mortgage loan amount. If you can cover the difference with cash, you can still afford the home you want.

The lender you end up with will also play a factor because all lenders will have different requirements. While you can get a bad credit loan, you must be prepared to pay a higher monthly mortgage payment due to much higher interest rates.
Don’t forget, if you purchase a home with bad credit, you can always repair your credit and refinance your mortgage for much better loan terms later on.
Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com
Dennis Dahlberg Broker/RI/CEO

NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701

Equal Housing Opportunity. This is not a Good Faith Estimate and this is not a Guarantee to lend and should not be considered as such. Costs, rates, estimates and terms can only be determined after completion of a full application. Actual payments will vary based on your individual situation and current rates. APR for loans vary from 7.99 – 29.5% and is based on Credit Score, Down Payment, LTV, Income. Mortgage rates could change daily. To get more accurate and personalized results, please call 623 582 4444 to talk to one of our licensed mortgage experts. Terms and conditions of all loan programs are subject to change without notice. Level 4 Funding LLC, 22601 N 19th Ave Suite 112, Phoenix AZ 85027, 623-582-4444 NMLS 1018071 AZMB 0923961 This e-mail is for the exclusive use of the intended recipients, and may contain privileged and confidential information. If you are not an intended recipient, please notify the sender, delete the e-mail from your computer and do not copy or disclose it to anyone else. Your receipt of this message is not intended to waive any applicable privilege. Neither this e-mail nor any attachment’s establish a client relationship, constitute an electronic signature or provide consent to contract electronically, unless expressly so stated by Dennis Dahlberg RI/CEO, Level 4 Funding LLC, in the body of this e-mail or an attachment. To the extent this message includes any tax or legal advice this message is not intended or written by the sender to be used, and cannot be used, for legal or tax purposes or advice.
 

About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.
© 2022 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions

Buying a home with bad Credit? How do you Fix Your Credit Score?

By: Dennis Dahlberg

You want that Arizona Home Mortgage to purchase your dream home, but your credit score is low. Are you looking for a loan for borrowers with bad credit or poor credit? Your credit score indicates what the industry calls your willingness and ability to pay the debt.  It’s a probability ranking score on the probability of you defaulting on an Arizona Home Mortgage payment obligation in the next 90 days.  Some think it is a credit score grade on your payment performance.  The lender will examine your overall grade and see if you can pay the debt.  If you have a failing credit grade (an F), the lender will assume you will fail again and not pay them back.  It’s an overall Grade Point Average on how you passed or failed on prior loan obligations.  If you got an F on an Arizona Home Mortgage in the past, your Grade Point Average would go down.  Think of it as when you were in school.  Every year the school would give you a Grade Point Average for the year’s work.  Some people got a very high-Grade Point Average (all A’s) and were the smart kids in school, while others got a few D’s and F’s on their report cards and had a lower Grade Point Average for the year.  This school of credit never ends in your life, and you want to have the highest credit score Grade Point Average possible and keep it up throughout your life. So, how do you get a high credit score Grade Point Average? You do the same thing that you did in school. That is:
 
1.       Take the Test over again and get a better grade.  How do you do this?  First, you pay back the people you owe money.  Those items in the collection or past due need to be paid off and settled.  Your past owing mortgage grade is currently an F, but you can make it a C+ if you pay off the debt.
 
2.       Don’t get any more F’s on your work.  This means you pay the Mortgages back and on time.  You need to take it seriously, make the payments, and don’t be late.  Remember when you turned work in late in school, and the teacher deducted points for the work because you were late?  It’s the same in the credit school; don’t be late for your work.  Also, what grade were you given when you did not turn in the work?  You would get an F.  This is the same with paying Mortgages. When you DON’T PAY, you get an F, and your overall credit score Grade Point Average goes way down. Pay your Mortgages on time, and the whole will give you the best Grade Point Average.
 
3.       Don’t take on too many classes.  If you take a safe load of classes, your workload is more manageable, and you can probably get an A in every class.  But if you take on too many courses, you will not be able to get all the work done for all the classes.  This is the same in the credit world.  Don’t take on too many Mortgages, and keep the balance owed on the Mortgage to around 30% of your available balance.  The lender will look at your mortgage (class load) and wonder, are you never going to get the work done?  You have maxed out all of your credit cards and want another one? The more Mortgages you take on (sign up for), the higher the chance that you will fail on one of them, and possibly the Mortgage you are now trying to get is the one you will fail on.
 
4.       Get that bad score off your report.  Usually, the quickest way to get a lousy grade off your report is to dispute the score (Whine to the teacher). Tell the credit bureaus that it’s not your grade or that the grader who graded the test was wrong, used the wrong pencil, or used the wrong answer sheet to grade your work.  If you can get an F off your report card, your overall score and Grade Point Average will go up.  This is usually the first thing you can do to get a better Grade Point Average.  You do this by disputing the bad items on your credit report for each credit bureau.  If they believe you and you are able to get the score off your credit report, your Grade Point Average will go up.  If credit bureaus don’t believe you, work on steps 1-3 above.

The good part about the credit score Grade Point Average is it is an Average.  It’s calculated over time; time is your friend when calculating the Grade Point Average.  Your overall score is based on the current work and the work you have done in the past, but usually, it’s for the last 3-5 years, and if you have an F on your credit score report card, it will drop off in a few years. So if you keep your grades up, in a couple of years, your credit score Grade Point Average will start to improve, and eventually, you will have all A’s and you can qualify for the Arizona Home Loan With Bad Credit.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com
Dennis Dahlberg Broker/RI/CEO

NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701

Equal Housing Opportunity. This is not a Good Faith Estimate and this is not a Guarantee to lend and should not be considered as such. Costs, rates, estimates and terms can only be determined after completion of a full application. Actual payments will vary based on your individual situation and current rates. APR for loans vary from 7.99 – 29.5% and is based on Credit Score, Down Payment, LTV, Income. Mortgage rates could change daily. To get more accurate and personalized results, please call 623 582 4444 to talk to one of our licensed mortgage experts. Terms and conditions of all loan programs are subject to change without notice. Level 4 Funding LLC, 22601 N 19th Ave Suite 112, Phoenix AZ 85027, 623-582-4444 NMLS 1018071 AZMB 0923961 This e-mail is for the exclusive use of the intended recipients, and may contain privileged and confidential information. If you are not an intended recipient, please notify the sender, delete the e-mail from your computer and do not copy or disclose it to anyone else. Your receipt of this message is not intended to waive any applicable privilege. Neither this e-mail nor any attachment’s establish a client relationship, constitute an electronic signature or provide consent to contract electronically, unless expressly so stated by Dennis Dahlberg RI/CEO, Level 4 Funding LLC, in the body of this e-mail or an attachment. To the extent this message includes any tax or legal advice this message is not intended or written by the sender to be used, and cannot be used, for legal or tax purposes or advice.
 

About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.
© 2022 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions

How to Buy a House With Bad Credit in Arizona

It’s challenging to buy a house with bad credit. Of course, it helps to have a down payment.

Buying a house with bad credit in Arizona — or, more accurately, a low credit score — can be challenging, but it’s not impossible.
Purchasing a home requires having money for a down payment, a solid history of paying your bills over at least the past year or two and a steady income. You’ll also need to meet the lender’s minimum credit score requirements. While higher credit scores earn more favorable loan terms, it’s still possible to buy a home with bad credit in Arizona.

What is the lowest credit score to buy a house?

Credit scores from 500 to 579: Theoretically, you can qualify for a mortgage with a credit score as low as 500, but you’ll be limited to a loan insured by the Federal Housing Administration. With a credit score from 500 to 579, you’ll need a down payment of at least 10% for an FHA loan. In addition, the lender will want you to pay off any outstanding collections and judgments. For home loans for borrowers in Arizona with bad credit or poor credit, Apple Wood Funding would be an excellent source to call.
Credit scores from 580 to 619: You might qualify for an FHA loan with a down payment as low as 3.5%. Or, if you are eligible, you could qualify for a VA loan — a mortgage guaranteed by the Department of Veterans Affairs.
Credit scores of 620 to 699: Your mortgage opportunities increase. You may qualify for a conventional loan, which isn’t backed by a government agency like the FHA or VA, with a minimum credit score of 620.
Credit scores of 700 and up Lenders are more willing to extend credit when you have a credit score from 700 to 739, and a score of 740 or higher will yield the lowest interest rates.

Knowing and improving your credit

As a potential homebuyer, it’s important to reduce debt, accumulate as much cash as possible, and review your credit history. Knowing your creditworthiness is essential in buying a home with bad credit. To find out, examine your credit report and check your credit score.

The smart home for your credit

You can find your credit report in various places, including personal finance websites like Credit Karma, the financial institution where you bank, and the government-mandated website annualcreditreport.com.
Check your reports for errors. Look for incorrect accounts or anything else that doesn’t accurately reflect your actual credit history. You can dispute mistakes or inaccuracies with the credit bureaus or the creditor reporting the information if you find errors or inaccuracies.
Clean up your credit history. For example, making on-time payments may help your credit score. And a better credit score can lift your chances of getting a more affordable home loan.
Your free credit reports won’t include your credit scores. To see scores for mortgages, you can purchase a full report from myFICO.com or Credit Karma. The most economical approach is to sign up, download the first month’s information, then cancel the service before the next billing cycle.
Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com
Dennis Dahlberg Broker/RI/CEO

NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701

Equal Housing Opportunity. This is not a Good Faith Estimate and this is not a Guarantee to lend and should not be considered as such. Costs, rates, estimates and terms can only be determined after completion of a full application. Actual payments will vary based on your individual situation and current rates. APR for loans vary from 7.99 – 29.5% and is based on Credit Score, Down Payment, LTV, Income. Mortgage rates could change daily. To get more accurate and personalized results, please call 623 582 4444 to talk to one of our licensed mortgage experts. Terms and conditions of all loan programs are subject to change without notice. Level 4 Funding LLC, 22601 N 19th Ave Suite 112, Phoenix AZ 85027, 623-582-4444 NMLS 1018071 AZMB 0923961 This e-mail is for the exclusive use of the intended recipients, and may contain privileged and confidential information. If you are not an intended recipient, please notify the sender, delete the e-mail from your computer and do not copy or disclose it to anyone else. Your receipt of this message is not intended to waive any applicable privilege. Neither this e-mail nor any attachment’s establish a client relationship, constitute an electronic signature or provide consent to contract electronically, unless expressly so stated by Dennis Dahlberg RI/CEO, Level 4 Funding LLC, in the body of this e-mail or an attachment. To the extent this message includes any tax or legal advice this message is not intended or written by the sender to be used, and cannot be used, for legal or tax purposes or advice.
 

About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.
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