After the housing crash, millions of people lost their home to foreclosure, deed in lieu or short sale. These people are now part of a wave of "boomerang buyers" - people who are reentering the housing market after a foreclosure or short sale.Boomerang buyers who are returning to the market are projected to make about 10 percent of all U.S. home purchases in 2014 according to John Burns Real Estate Consulting. That trend is expected to rise in 2015 and 2016 as more boomerang buyers become eligible for new loans.
If you've had credit problems, a foreclosure, short sale, or have gone through bankruptcy in the past don't let that discourage you from seeing what On Q Financial, Inc. can offer you. Becoming a home owner again doesn't have to be out of reach. Every borrower's situation is different, and On Q has a wide variety of niche programs that can give borrowers the opportunity to make the dream of home ownership a reality. Having more options means more opportunity and because of On Q's vast selection of home loans there are many reasons why now could be YOUR chance to purchase a home.
Please consult our preferred Q Financial Mortgage Consultant, Jason Servais at 602.308.8565 or http://jasonservais.onqpeoria.com/ for further information and questions pertaining to specific guidelines and requirements.
Here are the waiting periods for those who have experienced one of these situations (without extenuating circumstances):
*FNMA effective for DU run on or after 8/16/14. Exceptions to time periods above may apply. These programs are available to only qualified borrowers and subject to change without notice. Some restrictions may apply.
Author:Serena Pell Phone: 623-258-6703 Dated: December 4th 2014 Views: 600 About Serena: ...
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sPellHomes ultimate purpose is unwavering - to clearly understand the goals of each client we encounter and make those goals a reality. Our team of experts provide Buyers and Sellers valuable information and resources to successfully navigate the often challenging process of home ownership and investing all while keeping our clients best interests at heart. Real estate transactions are typically the largest purchase or sale you will ever encounter. sPellHomes understands you have many choices when selecting a Realtor and we welcome the opportunity to provide you with the service you deserve, from people you can trust.
Wonderful 4 bedroom 2.5 bath home with master bedroom on the main floo
"I had a wonderful experience buying my home. I found a home I love fairly quickly. I was out of town almost the whole 30 day process of escrow. Doug and Serena went above and beyond to help me. As a single mom and working out of town, trying to manage everything by myself, Doug and Serena made everything an easy process."