SpecialFi.net makes it easier than ever to get approved for high risk financing online. The quick and easy application form is built to match your needs and financial situation with the mortgage plan that will best work for you. Years ago, it was difficult for people with past credit problems to get approved for most mortgage loans, but these days the process has been streamlined and people of all financial backgrounds can get qualified.

High risk home loan applicants can be qualified for:

• Financing for a new home purchase
• Refinance of an existing mortgage loan
• A home equity loan for debt consolidation, home repairs, and more
• A Home Equity Line of Credit, which offers the convenience of a revolving credit account

Several home loan programs are available to high risk consumers. Some of the mortgage products available include adjustable rate mortgages (ARMS), balloon mortgages, bridge loans, cash-out refinance, debt consolidation loans, equity line of credit, Fannie-Mae loans, FHA loans, interest-only loans, sub-prime mortgages, and VA home loans.

Some mortgage products may not be available to poor credit applicants, as they are generally sought by high-income and low-debt applicants. Some of these programs include jumbo loans, which are large home loans usually taken out for the purpose of purchasing big, luxurious houses, construction loans, and hard money loans.

Here is some terminology that you are likely to encounter when dealing with mortgages and mortgage company representatives:

• APR - Annual Percentage Rate. This is the rate of interest that you will pay for money lent to you by a mortgage company.
• ARM - Adjustable Rate Mortgage. A mortgage which has an interest rate that can go up and down through the life of the mortgage.
• Cash Out - Refers to taking a sum of cash out when refinancing an existing mortgage. If you refinance your mortgage for a lower rate, you may be able to take cash out and still end up with the same payment you had before.
• Closing - This is the final step in a mortgage deal. All papers are signed, all money changes hands, and ownerships of property (if applicable) are transferred.
• Credit Rating - A score assigned to every person that helps determine (and is party based on) likely willingness to pay back money borrowed.
• Down Payment - An up-front payment of cash for a new mortgage. Most lenders require a down payment of some sort, but there are some no-down-payment mortgage programs available.
• Earnest Money - Good-faith money offered to the seller of a house to let them know you are very interested in buying.
• Refinance - Taking out a new mortgage to replace an existing one, usually for the sake of better interest rates or taking cash out.

If you have experienced a rough credit past and you want to apply for a new home loan, refinance, equity loan, or any other mortgage product, return to the top of this page and complete Step 1 of the secure online application.