PRIOR SHORT SALE OR FORECLOSURE?
 
Our BOOMERANG Home Loan Program might be right for you!
.
 If you missed your Mortgage Payments

while you were Short Selling your Home

and its been over 12 months

 you may qualify for a Boomerang Home Loan.
 

 

This is ideal for previous homeowners with re-established credit

 who don't meet the criteria for Trade Up, Trade Down, Fresh Start,
 or were behind in their mortgage payments.
 .
.

HOW DYOU GET STARTED?

 
 First you need to complete an on-line application.
 

Next, you'll receive a call from Roger

to go over your qualifying critera in detail & run your credit.

 

Third, you'll need to provide additional documentation

such as drivers license, social security card, bank

 statements, tax returns, W-2's, and Loan Application
to get pre-approved for a Home Loan;
and complete a HUD-approved counseling course.

 

Upon pre-approval from Kaiser Financial Services, Inc.

you can begin looking at properties with your Real Estate Agent

in neighborhoods that appeal to you, at a price you can afford.


 
Finally, once your offer is accepted we'll

 order an appraisal and work with title to close.
 
.
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)   580+ middle FICO Credit Score from all 3 credit bureaus*.

 

3)   If Short Sale or Foreclosure was 12+ months ago

        you can qualify with just a 3.5% down payment for FHA,

        and 0% down with VA (Veterans Administration). 

 

4)   If your Short Sale was less than 12 months ago,

        you'll need a 20% down payment for conventional loan.


5)   Historical Bankruptcy (in last 12 months) disqualifies applicant.

 

6)   If your Short Sale/Foreclosure loan was an FHA insured loan,

        you'll need 20%+ down payment or a waiver from FHA (Call us).

 

7)   Adhere to HUD County Limits on new mortgage.

 

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


9)  Hardship / Extenuating circumstances must have occured

         leading up to the short sale of your previous home to be

         eligible in as little as 13 months.

 

10) Complete a HUD-approved counseling course.

VETERANS WHO QUALIFY CAN:

 

- Buy a home with $0 down (instead of 3.5% down payment) after 12+ months

 
 

 

APPLY HERE

or

Call ROGER Directly (760) 383-1293