Short Sale and Buy Another Home In Wilmington NC Area
Many short sellers are worried about buying their next home or where they would move if they sell their current home due to financial hardship. Now, you have one more option- you can short sell your current home and move to a new home after short sale. “No”, it is not something illegal or “bail and buy” program. It’s the new loan program for short sale sellers.
Like other loan programs, this newest loan program has their own criteria and not all short sellers qualify for this program. Some of the guidelines are:
– Minimum FICO Score should be 640+
– No late payment for the last 12 months
– 3.5% minimum down payment ,Gifts are ok!
– Cannot buy your next home for more than the original home loan
If you are in bay area and having financial hardship and planning to sell your current house then give me a call to see if you qualify for another home as soon as you sell your current home. I can help you to sell your current home and buy your next home.
Even if you had sold (short sell) your house 12 months ago and you are paying your rent on time and meets the above criteria, then you may qualify for this new program so that you can move to your new home sooner rather than waiting for years to buy your new next home, just give me a call to see if you qualify for this newest loan program. You can reach me at 910-622-0319.
I wish all my readers a Happy New Year, and keep sending me your feedbacks on my blog and referrals who would like to do short sale anywhere in Wilmington and Leland area.
Wilmington NC Short Sale