Your Good Mortgage History Pays Off.

LFS Home Loans offers Mortgage Only Programs for borrowers who have a history of paying their mortgage on time. A mortgage only (mortgage history) program generally means that the lender will not penalize the borrower for late payments on consumer bills, may or may not worry about the borrower's debt to income ration, and may disregard other information if the borrower has had perfect mortgage history and the mortgage payment is going to stay the same or be reduced by obtaining a new loan.

Mortgage history programs are good for borrowers who have solid payment history with regards to their house payments, but for one reason or another have a lower credit score than they probably deserve or have late payments on other, (non real estate) consumer accounts.