Non-Conforming Loans May Help Applicants with Low Fico Scores

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Image: trevorcolecommercial.com

Headquartered in New York City, Trevor Cole Commercial Corp selects a range of such loan products for certain institutions throughout the United States. Trevor Cole Commercial Corp specializes in securing loans for clients with low FICO credit scores.

Most leading banking institutions, only use a FICO score to determine whether they should lend funds to an applicant. A high FICO score, inevitably boosts the chances of an approved loan.

While it may be possible to secure a loan with a low FICO score, other conditions may not be
satisfactory. For example, an applicant with a low FICO score may have a much higher interest rate.

Credit applicants with low FICO scores may seek out independent investors, or financial firms to gain
loans. Such institutions provide nonconforming loans that do not have the same requirements as
conventional banks.

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