California VA Loans after Hardship – Bankruptcy, Foreclosure, Short Sale
Many California Veterans have encountered financial Hardship during the past several years. Active Duty Recalls, Overseas Tours, Risky Mortgage Loans, falling Real Estate Prices, Unemployment, etc have created financial Hardships 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 with VanDyk Mortgage as soon as 2 years after one of these events: bankruptcy, foreclosure or short sale.
Here is a quick list of the waiting period for each Hardship for VA Loans in California below.
California VA Loans after Financial Hardship:
- After Bankruptcy VA Loan – as soon as 2 yrs after Bankruptcy Discharge
- After Foreclosure VA Loan– as soon as 2 yrs after Foreclosure Sale Date
- After Short Sale VA Loan– as soon as 2 yrs after Short Sale date
**Short Sales that had no late Mortgage Payments prior to date of sale may be eligible sooner than 2 yrs (sometimes immediately after sale)
Note – We also offer VA Jumbo Loans 24 months out from Bankruptcy, Foreclosure, and Short Sale. Up to $1.5M Loan amounts.
It is imperative for VA 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 have experienced one of these financial hardships and 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.
>>> Get started here on your VA Loan PreApproval or give us a call at 866-900-2342 (toll free direct)