Have you been told that you do not qualify for a loan or mortgage because of your credit history, because you’re self-employed or new to Canada? Perhaps your current mortgage is with a private lender and you're seeking more cost-effective alternatives? Don't be disheartened!
While the road to homeownership may have its challenges, it's important to remember that there are options available to help you navigate these obstacles. With perseverance and the right guidance, you can explore different avenues and find a path that works for you.
As one of the oldest credit unions in B.C., GVC Credit Union prioritizes offering loans and mortgages to individuals who may have experienced various setbacks that left them with a bruised credit score.
A mortgage application unique to you
GVC Credit Union is dedicated to understanding the unique financial circumstances of their members to provide tailored solutions. If you've faced obstacles with other financial institutions, they encourage you to reach out. Together, you can explore various options and find a path forward towards owning a home.
These are some of the typical barriers to applying for a mortgage:
- Poor credit history or no credit (credit score below 625)
- Former bankruptcy or consumer proposal
- Being self-employed for less than two years
- Being employed for less than one year
- Less than 20% down payment
GVC takes a personalized and comprehensive approach, beyond what an algorithm alone can provide, in order to evaluate a member’s credit eligibility.
Life can be unpredictable, and unexpected events like illness, job loss, or bankruptcy can significantly impact our finances. At GVC, they know navigating the world of finance can be overwhelming, especially when it comes to obtaining a mortgage. Unlike other lenders, they take a more personalized and empathetic approach.
Julian Beckett, retail credit manager at GVC Credit Union, states, "Our goal is to offer genuine assistance to our members, even if it means thinking outside the box."
GVC's loan officers take the time to understand their members' unique situations and strive to overcome barriers to getting a mortgage with their compassionate and personalized approach. "It may not always be easy, but there is hope for a brighter future where your dream of owning a home can become a reality," Beckett concludes.
If you've struggled to obtain a mortgage in the past or are facing financial obstacles, GVC Credit Union may be the solution you need.
Looking for a financial institution that still offers traditional services and puts a premium on personal connections? Look no further! GVC’s friendly staff picks up your calls in person, recognizing that people prefer to deal with people, not robots. And who knows? With their personalized service, they might even recognize your voice when you call! At GVC, they're committed to providing you with the old-school service you crave, all the while staying ahead of the curve with modern, convenient solutions.
Visit GVC Credit Union today and experience the best of both worlds. For more information, visit gvccu.com