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Fresh Start Loan

Loan term of 30 years
A Fresh Start loan allows a borrower who recently experienced bankruptcy, foreclosure, deed-in-lieu, short sale, or a mortgage charge-off to purchase a home.
 
  • Minimum credit score 620 to qualify
  • Minimum loan amount of $100,000
  • Maximum loan-to-value (LTV) 85%
  • Maximum debt-to-income ratio 50%
  • NO Private Mortgage Insurance (PMI)
  • Reserves required
  • Gift funds allowed