1 year out of a Bankruptcy / Foreclosure / Shortsale / Negative Credit- 1 year minimum required
Since life events can happen at anytime, and can affect your current financial circumstances beyond your control. There are a few options available if you have had a BK / Foreclosure / shortsale atleast 1 year since the event.
These are the basic criteria for a loan approval:
Allied Equity's credit event mortgage product lets you leave your negative credit history in the past and focus on your financial future. This is designed for borrowers who have suffered a mortgage credit event such as bankruptcy, foreclosure, or short sale, and who do not meet agency guidelines. Now, a past bankruptcy or foreclosure doesn't have to be a roadblock to your client's dreams of homeownership.
- The goal is to re-establish your credit and housing history, and after a few years, you can re-qualify for a conventional loan as a goal, but, this allows you to be a current homeowner again faster than having to wait for a few years.
For more info on this loan or other loan products, please use the following links to contact me or apply online:
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