Sentences with phrase «recent foreclosure or short sale»
Given that our loans are based on the value of an investment property rather than the borrower's credit, we can fund deals for borrowers who are unable to get conventional financing due to a recent foreclosure or short sale.
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The new rates applies to all FHA loans including the 203k refinance loan, which is used for home construction; and, special FHA programs such as the Back to Work program for consumers with a recent bankruptcy, foreclosure, or short sale, and the FHA Streamline Refinance.
The new rates applies to all FHA loans including the 203k refinance loan, which is used for home construction; and, special FHA programs such as the Back to Work program for consumers with a recent bankruptcy, foreclosure, or short sale, and the FHA Streamline Refinance.
FHA loans include purchase loans, home construction loans, and streamlined refinance loans insured by the Federal Housing Administration; as well as loans for «special» FHA programs such as Back to Work, which allows for recent bankruptcy, foreclosure, or short sale.
We have fixed price programs that get you back on track in as little as 5 months, debt resolution solutions, programs geared toward people who have had recent short sales or foreclosures and many others.
A bank may turn the borrower away due low credit scores, lack of sufficient income history or recent short sales or foreclosures.
(4) Borrower has been through a short sale, foreclosure and / or bankruptcy in the recent past.
Furthermore, if you know you have a unique credit situation such as a recent short sale or foreclosure; child support or alimony payments; or gift funds from a relative, have the relevant, related documentation ready.
More than two million homeowners who experienced a foreclosure or short sale during the recession will see those events drop off their credit reports by summer 2017, widening their opportunity to qualify for a mortgage, according to a recent study by Experian.