Bad Credit Mortgage Calculator

Income Multiples: Standard lenders typically offer 4.5x your income. With adverse credit, specialist lenders reduce this to 3.5x–4.25x depending on the severity and recency of your credit issues.

Debt Deduction: Unlike standard calculators, we subtract your annual debt commitments from your total borrowing power. Specialist lenders always factor this in.

Deposit Requirements: Lenders for adverse credit require larger deposits. Minor issues may need 10%, while severe issues like bankruptcy typically require 25–30%.

Stress Test: Lenders check whether you could still afford payments if rates rose by 2%. If this exceeds 40% of your estimated take-home pay, approval is unlikely.

"Wait It Out": Your credit record improves over time. We show how your options could improve if you wait for your issues to become older, moving you into a better credit tier.