Real Estate RecoveryHome Loan Program
This loan program is designed for borrowers to SHORT SALE a home and immediately be eligible to purchase a new home!
Guidelines to Real Estate Recovery Loan Program:
- Primary residence purchase only
- Provide Short Sale Agreement
- Approved
- Motivation Letter
- Minimum middle credit score is 640
- No late payments during short sale process
- No late mortgage payment in last 12 months
- 3.5% Down Payment
- New home must be in different geographic area (new
city and zip code)
Who benefits from the Recovery Loan Program?
Individuals moving closer to work
Homes with an increase in the number of dependents
Homes with a decrease in the number of dependents
Call with your motivation of new home purchase
Borrowers are not eligible for a new loan if they pursued a short sale to:
Take advantage of declining market conditions, and
Purchased at a reduced price a similar or superior property within a reasonable commuting distance
Call to find out how this loan can lead us all to real estate recovery.
Go to website!
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Thanks,
Troy Schuricht CFS Mortgage Corporation 7720 N 16th st Suite 325 Phoenix, AZ 85020 602-354-0537- office 602-241-9912 - fax
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