Many potential home buyers are asking "How long do I have to wait until I can buy a home again after a short-sale or foreclosure?"
The answer is there is "NO WAIT PERIOD" after a Short-Sale or Foreclosure with our new portfolio 2nd chance loan. Up until now there has been very limited financing options for those who have unfortunately lost thier homes to foreclosure or short-sale. This program is not the recent "FHA Back to Work" program that has many stipulations and will not work for most people. It is a fully underwritten portfolio loan.
Here are the details -
Contact :
Craig Bosse
(925) 381 6577
Mission Hills Mortgage
NMLS # 1019442
The answer is there is "NO WAIT PERIOD" after a Short-Sale or Foreclosure with our new portfolio 2nd chance loan. Up until now there has been very limited financing options for those who have unfortunately lost thier homes to foreclosure or short-sale. This program is not the recent "FHA Back to Work" program that has many stipulations and will not work for most people. It is a fully underwritten portfolio loan.
Here are the details -
- Owner Occupied Purchase or Rate and Term Refinance
- 660 Minimum mid FICO
- 5/1 and 7/1 LIBOR ARM
- 80% LTV
- Mortgage Lates Acceptable
- 2 years after Bankruptcy
-
One "Event" acceptable in past 5 years (Foreclosure, Short-Sale)
Available in AZ, CA, DC, HI, MD, MT, NV, NY, NC, OR, SC, VA, and WA
We have great rates on this because it is not a hard money loan. This is a fully underwritten portfolio loan.
Contact :Craig Bosse
(925) 381 6577
Mission Hills Mortgage
NMLS # 1019442
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