Second Chance Network
Frequently Asked Questions
Whats included with our service?
Access to ALL 3 of your credit reports
Guaranteed home loan approval (if minimum requirements are met)
How much house can you afford?
Home loan maximums are based on your income.
For example if you earn $20,000 per year you qualify for a home loan between $30k to $50k
Multiply your yearly income by 2 or 2.5
Is the $50 fee refundable?
No, if you decide not to purchase a home the $39 fee is non refundable.
Our fee is to find you a lender.
Is this service safe?
Yes. We only need the last 4 digits of your SSN to find you a lender.
Why should I use this service?
Our service allows you to apply at 50 lenders across the United States without lowering your credit score.
Will I receive a bunch of inquiries on my credit?
No. You will not receive any inquiries.
How much do I need to put down on a home?
First time home buyers have the option of $0 down.
Other applicants will need at least 5% of home cost to put down.
For example a $40,000 home will need $2,000 down.
What about my credit?
You cannot have any unpaid collections within the last year.
You cannot be in bankruptcy, or had a prior bankruptcy in the last two years.
No late payments in the last 12 months.
580 minimum score required on 2 of 3 credit bureaus.
What type of income is accepted?
All types of income are accepted.
Employed, social security, child support, etc.
All income must be verifiable.
What does verifiable mean.
Verifiable through banking statements, verifiable directly through your employer or through any government agency.
No letters written up will be accepted.
Saying you make a certain amount is NOT acceptable.
Income must be documented.
Prior year tax return will be verified through the IRS.
Have additional questions?
Please use the chat feature in the lower left corner for assistance.
There is a $50 fee for our service.
Please review the terms below or contact us prior to purchase with questions. Should you choose not to buy a home the $50 fee is non refundable.
We guarantee a home loan
Approval in 24 - 72
Your credit score wont go down
Approval with $0 down financing
(first time home buyers only)
How to Qualify?
Why use us?
Low credit home loans
Minimum 580 Credit Score
Employed at least 4 months
Earn at least $400 per week
No bankruptcies in the last 24 months.
No eviction in the last 12 months.
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