GET A FRESH START

 

Short sell your current home;

complete Credit Re-Verification program;

and then buy your next home.

 

 

This is ideal for California homeowners with good credit who don't meet the criteria for

Trade Up or Trade Down, or are behind in their mortgage payments.

First your upside down home needs to be short sold.

 

Next, you need to complete a Credit Re-Verification program:

which legally and permanently gets the short sale and late mortgage payment information

on your credit report removed or shown as paid in full,

shortly after your short sale is completed.

 

You basically become a "New" home buyer again.

 

This process can take anywhere from 90 to 120 days;

which can be done while you are short selling your home;

and requires an investment on your part.

 

Next you will be ready to complete your loan application,

get pre-approved, and then buy your next home.
 
Homeowners must qualify for at least all the following:

 

1)   3.5% down payment documented & available for new home.

        (can be a gift from a relative)

 

2)   640+ middle FICO Credit Score from all 3 credit bureaus*.

 

3)   No mortgage payments nor installment loans reported late on your credit

        in last 12 months*.

      *(upon completion of Credit Re-Verification program)

 

4)   New home must be purchased in the State of California.

 

5)   Historical Bankruptcy (in last 24 months) or Foreclosure

       (in last 36 months, if not removed) disqualifies applicant.

 

6)   Ineligible if existing home loan is an FHA insured loan.

 

7)   Adhere to HUD County Limits on new mortgage.

 

8)   Purchaser(s) must qualify with normal FHA income ratios.

 

 

Non-owner-occupant co-borrowers are allowed to qualify for additional

income purposes along with you for this particular home loan program

(which means your Mom, Dad, Brother, Sister, Aunt, or Uncle

can co-sign, but they don't have to live in your new home!)

VETERANS WHO QUALIFY CAN:

 

- Buy a home with $0 down (instead of 3.5% down payment)

 

- Buy your next home with VA Financing, even if your current home loan is an FHA loan

VETERANS: CLICK HERE TO SEE IF YOU QUALIFY

 

APPLY HERE

or

Call ROGER Directly (760) 383-1293