Tim Storm949-829-1846TimothyS@arborfg.com NMLS #223456 · CA DRE #01086852
Continues on ARBOR Financial Group’s external application website.
Credit, income, debt ratios, preapproval, and qualification after financial setbacks.
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Veterans using a VA loan can buy a home in Orange County only two years after a short sale, foreclosure, or bankruptcy. Recently I helped a Veteran buy a home in Orange County for $620,000 with no down payment only two years after a short sale on their previous home, and two in a half […]
It is possible to get approved for a VA home loan only two years after a foreclosure and immediately after a short sale. VA home loan guidelines are more lenient in this respect than just about any other type of financing. For a Conventional Fannie Mae to Freddie Mac loan the borrower would need to […]
A common question by Orange County veterans interested in using VA financing to purchase or refinance a home is “what is the minimum FICO required?” The answer to this question can vary from lender to lender. Many lenders require a minimum of 620. But there are lenders who will allow FICO scores as low as […]
The real estate market in Orange County, CA is hotter than its been in years making mortgage PreApproval more important than ever. There are more people looking to purchase a home, and all price ranges, than at any time since before 2008. This has lead to competition for the limited supply of homes on the […]
Orange County Veterans who have had a short sale are able to purchase a home with $0 down immediately after the short sale. Veterans who have had a foreclosure need to wait two years. VA is relatively flexible in how they look at foreclosures and short sales, compared to FHA and Fannie Mae. Short Sale […]