Fresh Start Loans

Over the past few years, many hard-working people who lost their homes to short sale or foreclosure or were forced into bankruptcy due to a layoff or reduced income have since rebuilt their credit and are able to demonstrate their ability to repay. For these borrowers who may be unable to obtain mortgage financing due to seasoning or other requirements, a Fresh Start Loan from our investor may be the lending solution they have been looking for.

LTV up to 85% with no MI
No seasoning requirement on derogatory housing events including: Bankruptcy, Foreclosure, Deed-in-Lieu, Mortgage
Charge-off, or Short Sale
No mortgage or rental pay history required
Minimum credit score 580
DTI ratios greater than 50% considered with compensating factors
Loan amounts from $100,000 to $1,000,000
Non-warrantable condominiums
Purchase, rate/term, cash-out including Texas 50 (a)(6) and debt consolidation l 100% gift funds allowed from family members
Up to $350,000 max cash back on cash out re nance transactions
5/1 ARM and 30 Year Fixed options available
No pre-payment penalties
Owner occupied & Second Homes available
Non traditional credit allowed