Fresh Start

This loan program is for borrowers who had a recent credit event (i.e., bankruptcy, foreclosure or short sale) and do not conform to the other agency guidelines.

Features and Benefits

• No seasoning requirement for bankruptcy, foreclosure, deed-in-lieu of foreclosure or short sale
• No mortgage or rental pay history required
• Low minimum credit scores accepted
• Single Family homes, condominiums, 2-4 units and Planned Unit Developments
• Low down payment options
• Fixed and adjustable rate mortgage available
• No mortgage insurance
• 15% down with a 660 FICO score
• 25% with a 580 FICO score
• FICO scores under 580 will be done on an exception basis
• Gifts permitted