WE CAN DO WHAT

OTHER LENDERS WON'T

FHA, VA and USDA

loans for borrowers with 500-620 credit scores

Conventional loans

for borrowers with

620-660 credit score

Portfolio loans

for borrowers with large down payment and

very recent ‘credit event’ such as bankruptcy or foreclosure

Loans for Manufactured homes on land

SEASONING POLICY FOR BANKRUPTCIES, FORECLOSURES AND SHORT SALES

PROGRAM

FORECLOSURE

BANKRUPTCY

SHORT SALE

Conventional

7 years from completion

(4 years if included in bankruptcy)

Ch. 7 - 4 years from discharge/ dismissal

Ch. 13 - 2 years from discharge/ 4 years from dismissal

4 years from completion

FHA

3 years from completion

Ch. 7 - 2 years from discharge - AUS approval

Ch. 13 - 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court

3 years seasoning from completion date required if in default at time of sale

VA

2 years from foreclosure date

Ch. 7 - 2 years from discharge

Ch. 13 - 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court

2 years from completion

USDA

3 years from completion

Ch. 7 - 3 years from discharge

Ch. 13 - 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court

3 years from completion