The Countrywide House America Loan can be used to help borrowers in non-traditional financial situation such as: not having an established credit history, having an irregular source of income, or lacking the cash for a down payment.

Countrywide House America Loan Qualifications

Countrywide House America customers must be able to meet traditional loan qualification standards with these exceptions: they can use cash from relatives or other non-traditional sources for their down payment, they can count non-traditional income sources towards their debt-to-income ratio (such as money made by family members), and they can use alternative payment records (such as rent payments or utility bills) to supplement an un-established credit score.

Countrywide House America Loan Terms

Aside from the altered qualifications, these loans are similar to traditional mortgages. Lenders generally charge a higher interest rate for borrowers using non-traditional qualifications.

Applying for a Countrywide House America Loan

You can apply for a Countrywide House America Loan by contacting a mortgage broker or calling Countrywide directly (1-888-231-7074). You can visit their website for more details about this program.

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