Secrets to Mortgages With Maxed Credit Cards Revealed
Exploring Alternative Mortgage Options
If conventional mortgages seem out of reach, consider alternative options that might be more forgiving of high credit utilization. FHA loans, for example, are government-backed and often have more lenient credit requirements. They are designed to help individuals with less-than-perfect credit scores achieve homeownership3.
Another option is to explore mortgage lenders that specialize in non-traditional borrowers. These lenders may offer programs specifically tailored for individuals with unique financial situations, including those with high credit card debt. By visiting websites of these specialized lenders, you can see these options and determine which might be the best fit for your needs.