Fresno VA Loans and VA Jumbo Loans after Hardship – Bankruptcy, Foreclosure, Short Sale
Many Fresno Veterans have encountered financial Hardship during the past several years. Job Loss, Active Duty Recalls, Overseas Tours, Risky Mortgage Loans, falling Real Estate Prices, 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 California Vets: You may qualify for a VA Loan or 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.
Fresno, California VA Loan and VA Jumbo Loans After Financial Hardship:
- VA Loan and VA Jumbo Loan after Bankruptcy – as soon as 2 yrs after Bankruptcy Discharge
- VA Loan and VA Jumbo Loan after Foreclosure – as soon as 2 yrs after Foreclosure Sale Date
- VA Loan and VA Jumbo Loan after Short Sale – as soon as 2 yrs after Short Sale date
- VA Loan and VA Jumbo Loans after 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 important for VA Loan and 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 and your family have experienced one of these financial hardships and you 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.
Fresno VA Loans that exceed $726,200 are also called VA High Balance, VA Super Conforming, and VA Super Jumbo Loans. VanDyk Mortgage offers all of the above, and also offers VA Loans up to $2.0M with no down-payment for qualified Veterans with full VA entitlement available. Veterans with a charge against VA entitlement (aka partial VA entitlement) may still qualify up to $2.0m with a down payment paired with remaining VA entitlement that allows us to reach the 25% guaranty amount required by the VA.
We offer VA Jumbo Loans up to $2.0M throughout Fresno County for Veterans with full VA entitlement. The Fresno VA Loan Limit for 2023 of $726,200 applies to Veterans with partial VA entitlement available. We utilize the VA loan limit in tandem with your remaining VA Entitlement to calculate your required down payment in this scenario.
Call the Government Loan Pro’s today for help with your VA or VA Jumbo Loan – 866-900-2342.