Alliance Mortgage

Alliance mortgage is primarily an internet mortgage company that was created in 1992.  It’s headquarter is in Cerritos, California, and entered the California Bay Area mortgage industry in 1996.  Alliance Mortgage works with everything from A Paper lending to D Credit foreclosure loans.  They call themselves the “Home of Inexpensive Loans.”

Alliance offers their clients the comfort of never having to leave their living room while acquiring their mortgage.  They have technological advantages that enable them to offer loans less expensive than those offered by traditional mortgage brokers, real estate agents, and even some online mortgage companies.  They offer direct lending, and have hundred of loan sources across the country.  They proudly operate in accordance with the Federal Fair Housing Law.

Alliance Mortgage can provide inexpensive loans for multiple reasons.  Because they are an online lender, they have cut out a great deal of labor and paper shuffling.  They charge uniform fees, and make little profit from their services.  They also provide immediate good faith estimates, and do not surprise their customers with extra costs and fees.  They never charge origination fees, upfront fees, or application fees, and boast that you will save one point in comparison to traditional mortgage sources, and up to 0.625 points compared to other online lenders.

Alliance Mortgage Bad Credit Mortgage Loans

Alliance Mortgage offers Bad Credit Loans for borrowers with mid-500 FICO scores.  To qualify for one of these loans, you will need anywhere from a five, to twenty percent down payment, and must be fully documented.  Alliance also offers a few home purchase and refinance loans that do not require FICO scores.  With one of these programs you must have a thirty percent down payment because you will only get a seventy percent loan.

Alliance Mortgage Traditional Mortgage Loans

In addition to their special low credit programs, Alliance offers standard mortgages.  You can refinance, get a Home Equity Line of Credit or Second Mortgage, or even consolidate your debt with Alliance Mortgage.  For a home purchase, you can receive one hundred percent financing if your FICO is between 560 and 620.  If you fall between 550 and 560, you will need a ten percent down payment, and anything below 549 will require a fifteen percent down payment or more.

Alliance also has first time homebuyer programs, 100% Financing with 80/20 No Money Down, and other specialty loans that may suit your needs perfectly.

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