Have you had a
short-sale or a foreclosure in the past 2-3 years? Are you wondering about your
financing options?
Your
seasoning period will depend on what type of financing you're seeking. For
example, veterans seeking VA financing will need to wait 2 years after
foreclosure, and 1 year after a short sale. For FHA financing, you’ve got to
wait a whole 3 years for a foreclosure or a short sale.
However, Nova Home
Loans offers a Home Again Program that can benefit those with a strategic
default on their mortgages.
After
a strategic default, if you still have a 600 FICO score and can put 25% down,
you can buy right away at Nova Home Loans.
If you don’t meet
those requirements, don’t fret!
Nova
offers an in-house Credit Services Department, where they can instruct you on
what needs to be done to boost your credit and buy a home.
Nova
will also work with a 700 FICO score so that at a closing, that score will jump
to 720. That seemingly little jump will save you almost a $1,000. Sounds great
right?
Best
of all, this Credit Service offered by Nova Home Loans is completely free of
charge.
If
any of this information fits your situation, get in touch with us today!
Mobile: (602) 413-8195
Monique@MoniqueSells.comOr call Tom at Nova Home Loans:
Mobile: (602) 791-5861
Tom.Ross@NovaHomeLoans.com
