VA Loans and VA Jumbo Loans after Hardship – Bankruptcy, Foreclosure, Short Sale
Many American 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 Vets: You may qualify for a VA Loan or 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.
VA loans and 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
- VA 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 VA Loan Limits – 866-900-2342 toll free direct.
VA Loans that exceed $647,200 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. For Veterans with partial VA Entitlement available, down-payment or equity may be required to meet the minimum VA standard. This is typically a much smaller down payment than conventional alternatives, however each case is unique.
Call the Government Loan Pro’s today for help with your VA Loan or VA Jumbo Loan – 866-900-2342.