New Loan Program Helps Buyers with Bad Credit

Approved

Did your credit take a tail spin???

This new program is one more feature that provides our clients with the widest range of financing options.  There are specific rules that apply but, if you have experienced a Short Sale, Foreclosure or Bankruptcy, options exist. Mike & I want to put this program to work and allow our clients to buy their first home or to own their own Home…Again!

Notable Program highlights include;

·        1 year seasoning for major derogatory credit events (short sales, foreclosures, and bankruptcies)

·        85% LTV to $500,000, 660 credit score, 24 months satisfactory housing

·        80% LTV to $750,000, 620 credit score, 12 months satisfactory housing

·        75% LTV to $1,250,000, 640 credit score, 24 months satisfactory housing

·        First Time Home Buyer allowed with restrictions

Other credit restrictions apply and the guidelines should be reviewed carefully.  Home Again has minimum credit standards and title to the home may not be impacted by credit items still pending. We would love the opportunity to discuss your options. Give me a call or Click here for more information