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Foreclosure Bailout Mortgage Loan

Residential & Commercial Properties

Foreclosure Bailout Mortgage Loan Program

A Foreclosure Bailout Loan is a mortgage program designed to save homeowners from having their property being foreclosed upon by their banks. It is considered a refinance type loan. The homeowner / borrower takes out a mortgage to pay off the current loan that is in default status. If you are in or about to go in foreclosure we can help. We have access to private hard money lenders offering foreclosure bailout mortgage loan. Contact us for more details.

Get Foreclosure Bailout Loan

in California Only

Avoid Foreclosure

Consolidate your Debts

1st Position Loans

Up to 70% Loan to Value

Any Credit Accepted

Up to 50% DTI

Fast, Easy & Quick Approval

Get Funding in 20 - 30 Days

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(951)-254-3712

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foreclosure bailout mortgage loan

Foreclosure Bailout Loan Program

Credit Below 500 Ok

BK & Foreclosures OK

Debt to Income up to 50%

Full Doc & Alt Doc

Owner Occupied in CA Only

1st Mortgages Liens only

LTV (Loan to Value) up to 70%

No Pre Payment Penalty

Interest Rates Starting at 8.99%+*

Terms from 5 Years to 30 Years

Loan Fees 1-3 points

Call for details

*Rate, Terms, Fees are depended on the loan amount, loan to value, lien position, property type, location, purpose of loan, borrower ability to pay, credit etc. Available for Properties in California Only.

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Foreclosure Bailout Loan Program Lenders

Most foreclosure bailout loans require at least 30% equity in the home and credit scores over 350. While many potential borrowers do not fall into this category there are some that do and can benefit from the bailout programs.

Hard money loans and Subprime mortgage loans are normally used for foreclosure bailout loan program. These owner occupied borrowers are still subject to federal regulations such as Dodd-Frank which require the borrower to verify their income. Income verification is usually accomplished by providing the lender with pay stubs, W2s or tax returns, if you are self employed then they can even you average deposits for their personal or business bank statements as their income. The borrower is also required to keep their debt to income (DTI) under a certain ratio. The borrower’s existing debts including other mortgages, car payments, credit card payments and other debts will be considered in the ratio as well as the new proposed mortgage obligations (mortgage payment, taxes and insurance).

A Full Documentation Loan refers to a loan where all income and assets are verified and documented. It is typically referred to as a "full doc" loan in the mortgage industry and is a common type of loan used for financing a home purchase or refinance.

Full Doc includes providing;

Last 2 Years of W-2’s & Paystub,

Last 2 Years of Tax Returns or 1040’s

24 Months of Bank Statement

Personal Bank Statement Loan Program for Foreclosure Bailout Loan

How does the personal bank statement loan program works?
As a self employed borrower you can use 100% of your deposit as income.

Add all deposits for all 12 or 24 months and divide that amount by 12 or 24 respectively to receive the monthly income amount we will apply as the borrower’s qualifying income.
Example. 24 months deposits total = $200,000 / 24 = $8,333 a month income.
Example. 12 months deposits total = $100,000 / 12 = $8,333 a month income.

Business Bank Statement Loan Program for Foreclosure Bailout Mortgage

How does the business bank statement loan program works?
As a self employed borrower you can use 50% of your deposit as income.

Add all deposits for all 12 or 24 months, divide by 2, and then divide by 12 or 24 respectively to receive the monthly income amount we will allow for the borrower.
Ex. 24 month deposit total = $500,000 / 2 = $250,000 / 24 = $10,333 per month income. Only 50% is used because we have to assume the business has overhead.

Alternative Income Mortgage Programs for Foreclosure Bailout Mortgage Loan.

What is a Non Prime Mortgage?
Non prime mortgages are for those borrower who either have no credit, poor credit or bad credit. Generally Non prime mortgage loans have higher interest rate as compared to conventional or FHA loans.

What is a Non QM Mortgage Loan?
A non QM mortgage loan (non qualified mortgage) is a loan that allows a borrower to use alternative income methods to qualify for a mortgage as compared to traditional income verification.

Alternative Income Mortgage Programs?
We offer alternative income mortgage programs for borrower who cannot qualify using traditional income verification. Borrower’s can prove income using bank statement mortgage, P&L profit & loss statement mortgage, VOE only mortgage (verification of employment), 1099 Income only mortgage.

Find Foreclosure Bailout Mortgage Loan Lenders in California

We provide foreclosure bailout loan in the city of Banning, Beaumont, Blythe, Calimesa, Canyon Lake, Coachella, Corona, Desert Hot Springs, Eastvale, Hemet, Indian Wells, Indio, Jurupa Valley, Lake Elsinore, La Quinta, Menifee, Murrieta, Norco, Palm Desert, Palm Springs, Perris, Rancho Mirage, San Jacinto, Temecula, Wildomar,Adelanto, Apple Valley, Barstow, Big Bear Lake, Chino, Chino Hills, Colton, Crestline, Fontana, Grand Terrace, Hesperia, Highland, Joshua Tree, Lake Arrowhead, Loma Linda, Lucerne Valley, Montclair, Needles, Ontario, Rancho Cucamonga, Redlands, Rialto, Running Springs, Twentynine Palms, Upland, Victorville, Wrightwood, Yermo, Yucaipa, Yucca Valley, Aliso Viejo, Anaheim, Brea, Buena Park, Costa Mesa, Cypress, Dana Point, Fountain Valley, Fullerton, Garden Grove, La Habra, La Palma, Laguna Beach, Laguna Hills, Laguna Niguel, Laguna Woods, Lake Forest, Los Alamitos, Mission Viejo, Newport Beach,  Orange, Placentia, Rancho Santa Margarita, San Clemente, San Juan Capistrano, Santa Ana, Seal Beach, Stanton, Tustin, Villa Park, Westminster, Yorba Linda, Agoura Hills, Alhambra, Arcadia, Artesia, Azusa, Baldwin Park, Bell, Bell Gardens, Bellflower, Beverly Hills, Bradbury, Burbank, CalabasCarson, Cerritos, Claremont, Commerce, Compton, Covina, Cudahy, Culver City, Diamond Bar, Downey,    Duarte, El Monte, El Segundo, Gardena, Glendale, Glendora, Hawaiian Gardens, Hawthorne, Hermosa Beach, Hidden Hills, Huntington Park, Industry, Inglewood, Irwindale, La Canada-Flintridge, La Habra Heights, La Mirada, La Puente, La Verne, Lakewood, Lancaster, Lawndale, Lomita, Long Beach, Los Angeles, San Jose, OaklandBakersfield, Santa Ana, Riverside, Stockton, Seattle, San Francisco, San Bernardino, Modesto, Fremont, Fontana, Palmdale, Oxnard, Ventura, Moreno Valley, Merced, Glendale, Huntington Beach, Irvine, Garden Grove, Orange County, Anaheim, Lynwood, Malibu, Manhattan Beach, Maywood, Monrovia, Montebello, Monterey Park, Norwalk, Palos Verdes Estates, Paramount, Pasadena, Pico Rivera, Pomona, Rancho Palos Verdes, Redondo Beach, Rolling Hills, Rolling Hills Estates, Rosemead, San Dimas, San Fernando, San Gabriel, San Marino, Santa Clarita, Santa Fe Springs, Santa Monica, Sierra Madre, Signal Hill, South El Monte, South Gate, South Pasadena, Temple City, Torrance, Vernon, Walnut, West Covina, West Hollywood, Westlake Village, Whittier, San Diego, Chula Vista, Oceanside, Escondido, Carlsbad, El Cajon, Vista, San Marcos, Encinitas, National City, La Mesa, La Jolla, Fresno.

 

We also provide Commercial loans & Financing for the following property type;

Apartment Building Loans, Auto Body Repair Shop Loans, Auto Dealership, Anchored Strip Center Loans, Assisted Living Facility Loans, Bowling Alley Loans, Car Wash Loans, Church Loans, Commercial Warehouse Loans, Construction, Convenience Store Loans, Condominium, Congregate Care Facility, Day Care Center Loans, Dental Office, Fitness Center Loans, Funeral Home Loans, Garden Apartment Loans, Gas Station Loans, Golf Course Loans, Health Club, Healthcare Financing, Hotel Loans, Industrial Property Loans, Marina Financing, Medical Office Loans, Mini Storage Loans, Mixed-Use Loans, Motel Loans, Mobile Home Park Loans, Manufactured Homes, Multi-Family Homes, Nursing Home Loans, Office Building Loans, Restaurant, Retail, Rental Property Loans, SBA Loans, School, Self Storage Loans, Senior Housing Loans, Veterinary - Animal Clinic Animal Hospital, Warehouse Loans.

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