How to Buy or Refinancing a Home After a Short Sale or Foreclosure - Returning to the Housing Market after a Short Sale or Foreclosure

We Give Impacted Borrowers a Second Chance to Become Homeowners after a Foreclosure or Short Sale.

Bottom-line here:Consumers Do Not have to wait 2 to 7 years to purchase or refinance after having a Foreclosure or Short Sale. You can return to the Housing Market now. 

Now that is great news.

It is unfortunate, uncomfortable and a stressful situation to have lost a home to a Short Sale or Foreclosure. For those consumers are now Renters or living with Family or Friends to have a roof over their head. It can be depressing to them in knowing that they have to wait for years to achieve a home of their own again.

Well that has all changed now and can you imagine the reaction I get when I share with them that there is a Solution? It is just wonderful as after we get past the "too good to be true" and nail down the real life plan, they can see the light at the end of the tunnel. It really picks up the spirit inside someone knowing homeownership is within reach. We simply Plan the work and then Work the plan to ensure success.

Let's Give Impacted Borrowers a Second Chance to Become Homeowners

Banc Home Loans, a division of Banc of California, N.A. provides flexible portfolio lending options in approved states for consumers with non-traditional lending needs, and the Expanded Criteria Program is designed for borrowers with less-than-perfect credit to purchase a home. This exciting program provides a path of homeownership to those who are well qualified from an income and down payment standpoint, but are not currently eligible for financing due to a short sale, foreclosure, deed-in-lieu, or even bankruptcy in their history. Using this specialized program, we can help consumers with unique financing scenarios find or refinance a new primary residence home.

Who is Eligible?

Borrowers purchasing a home for primary occupancy as their primary residence, with prior homeownership experience and a minimum middle credit score of 660. Will consider as low as a 620 FICO score.

Expanded Criteria Guidelines

• Full Documentation

• Purchase and R&T Refi

• Owner-Occupied Only

• Maximum Loan-to-Value (LTV): 80%

• Previous Short Sale/Foreclosure/Deed-in-Lieu are acceptable

• Bankruptcy Acceptable, 2 Years Since Dismissal

• Mortgage Lates Acceptable

• First-time Homebuyers Not Eligible

• 5/1 or 7/1 LIBOR ARM

• Fully Amortizing Only (no interest only option)

• Maximum Loan Amount 4 million

Contact Me Today
Call me today to discuss our comprehensive selection of portfolio loan programs.