Now, buyers have a “second chance” program designed for borrowers who previously owned and have less-than-perfect credit. This exciting program provides a path to homeownership to those who are well-qualified from an income, down payment, and credit standpoint but may have credit history concerns due to a one-time short sale, foreclosure, deed-in-lieu or bankruptcy.
Program highlights include:
Short sale, deed-in-lieu, foreclosure allowed — one-day seasoning
Bankruptcy acceptable, two years after discharge
Primary residence, purchase or rate/term refinance
Second homes, units and investment property are not permitted
20% down payment required for loan amounts to $1.5 million on owner-occupied, single-family residences in CA*
Loan amounts from $300,000 to $4 million
I won't turn a potential client away. There are ways to overcome hardship and own again!
Author:Chip Franks Phone: 254-291-1337 Dated: October 6th 2016 Views: 528 About Chip: The Supreme Commander of The Real Estate MarketPlace and A Good Guy, In General!
Ron "Chip" Frank...
For our Purchasing Clients: we make sure you have access to EVERY home (not just those we list, or the three or four that we think you might like); and we will never pressure you.
For our Selling Clients: we market the heck out of your home; we give you updates on what we've done to sell your property every week along with feedback and activity on the home; we can also lease your property should it fail to sell--seamlessly. Finally, if you're ever unhappy with us, or your circumstances change, you can cancel our agreement.
Lastly, if you're interested in our Property Management services, visit www.KilleenPropertyManagement.com.
The holiday season is here! No matter if you celebrate Christmas
"I was referred to The Real Estate Market Place by a friend because they have a great staff. They walked me through buying my first home and answered every question I had, making it easy on my part. I was walked through every step of the way and contacted through the process. They continued to show me as many houses as I wanted, until I found the perfect home. Thank everyone!