Franz asks Gateway Mortgage Credit for a loan to pay for the purchase of a home.With a poor credit score and a high current debt-to-income ratio,Franz does not qualify for a standard mortgage.Gateway is most likely to provide

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A subprime mortgage is designed for borrowers with poor credit scores and high debt-to-income ratios. It typically comes with a higher interest rate and stricter terms than a standard mortgage, but it would allow Franz to still secure financing for the purchase of a home. A deed in lieu of foreclosure, reverse mortgage, and workout agreement are not applicable in this scenario.

Franz Asks Gateway Mortgage Credit for a Loan to Pay