Massachusetts VA Jumbo Loans after Hardship – Bankruptcy, Foreclosure, Short Sale
Many Massachusetts Veterans have encountered financial Hardship during the past several years. Active Duty Recalls, Overseas Tours, Risky Mortgage Loans, falling Real Estate Prices, Unemployment, etc have created financial Hardship for many Veterans across the Country in the form of Bankruptcy, Foreclosure and Short Sale.
We have good news for our Vets: You may qualify for a VA Jumbo Loan with VanDyk Mortgage as soon as 2 years after one of these events.
Here is a quick list of the waiting period for each Hardship.
Massachusetts VA Jumbo Loans after Financial Hardship:
- VA Jumbo Loan after Bankruptcy – as soon as 2 yrs after Bankruptcy Discharge
- VA Jumbo Loan after Foreclosure – as soon as 2 yrs after Foreclosure Sale Date
- VA Jumbo Loan after Short Sale – as soon as 2 yrs after Short Sale date
** Short Sales that had no late Mortgage Payments prior to date of sale may be eligible sooner than 2 yrs (sometimes immediately after sale)
It is imperative for VA Jumbo loan qualification that you have no late payments of any type after the date of the Hardship. Please call us to review if you have specific questions about your scenario.
If you have experienced one of these financial hardships and are a Veteran, please call us to find out how soon you may qualify to purchase a new home, upgrade your existing home, or refinance your current loan to take advantage of low interest rates utilizing your VA Benefit and the current Higher VA Loan Limits – 866-900-2342 toll free direct.
Massachusetts VA Loans that exceed $417K are also known as VA High Balance, VA Super Conforming, and VA Super Jumbo loans.