Mortgage Bonds with Good and Bad credit.

[Bond Guy]

My company needs a 25k mortgage bond in Mississippi. We have 2 partners, one has an 800 credit score and one has just filed personal bankruptcy. The business credit is also flawless. The company financials are excellent and I feel we should qualify for a good bond rate. Under the circumstances, what are our options with your company and what cost are we looking for a 25k bond with your company?

[Surety Queen]

Originally Posted by Bond Guy

My company needs a 25k mortgage bond in Mississippi. We have 2 partners, one has an 800 credit score and one has just filed personal bankruptcy. The business credit is also flawless. The company financials are excellent and I feel we should qualify for a good bond rate. Under the circumstances, what are our options with your company and what cost are we looking for a 25k bond with your company?

We have a number of aggressive programs for Mortgage Broker Bonds. I would recommend that you speak with the bond representative who handles that line to see if any of those programs allow for an owner to have poor credit. I'm doubtful, but the programs change quite frequently so your best bet is to make the call.