Mortgage Training ProgramSM
We will get you into a home and qualified for a mortgage "GUARANTEED" 
 The Mortgage Training ProgramSM will get you into a home and qualified
for a mortgage GUARANTEED.
The Mortgage
Training ProgramSM was developed to help under qualified home buyers build
the creditability that is needed to obtain a mortgage. Home ownership requires the ability to obtain
a mortgage, and in today’s credit climate obtaining a mortgage is very difficult, even for creditable people.
The Mortgage Training
ProgramSM will get you into a home and qualified for
a mortgage GUARANTEED. We will help!!! Whether you have gone through
foreclosure, short sale, deed-in-lieu-of, deed-for-lease, bankruptcy or just have derogatory credit records. Whether it was
caused by unforeseen circumstances, or poor financial practices. Living
in your future home is part of the program!!! We developed this program as a tool to provide lenders proof that you
can handle THE MORTGAGE and everything that comes with owning a home, "How better to do that than have you live in your
future home?. Building credit takes years especially if you
have gone through a foreclosure, short sale, deed-in-lieu-of, deed-for-lease or bankruptcy and if you have; you not only lost
your home, you lost your credit rating as well. The sooner you get to correcting and building your credit
rating the better, paying rent only builds the net worth of your landlord when you should be building your own net worth (do
not know what net worth means you better start this program now). The Mortgage Training ProgramSM is designed to reestablish your credit and get you a mortgage.
"Living in your future home will
get you approved"
"Waiting
Period" to Buy after Foreclosure Revised
6/23/2010
YES - Short Sale
and Deed-In-Lieu-Of are forms of Foreclosure (Our
program can put you in your future home in less than a year)
- Buying after a Walk Away Foreclosure
The waiting period is 7 years.
- Buying
after a Foreclosure
The waiting period is 5 years with
a 20% down payment up to 7 years. - Buying after a
Foreclosure with Extenuating Circumstances
The waiting
period is 3 years with a 10% down payment up to 7 years. - Buying
after a Deed-In-Lieu-Of Foreclosure
The waiting period
is 2 years with a 20% down payment , 4 years with a 10% down payment up to 7 years. - Buying after a Deed-In-Lieu-Of Foreclosure with Extenuating Circumstances
The waiting period is 2 years with a 10% down payment. - Buying after a Short Sale
The waiting period is 2 years with a 20% down payment, 4 years with a 10% down payment up to 7 years. - Buying after a Short Sale with Extenuating Circumstances
The waiting period is 2 years with
a 10% down payment.
In addition to the waiting periods and deposits,
there will be a minimum FICO score and the home you purchase must be your principal place of residence, not a
rental nor a vacation home. Fannie Mae constantly issues new guidelines.
The above policies are in effect for loan applications submitted after June 30, 2010.
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