Correspondent VA and VA IRRRL Products

Event Waiting Period BK 7 or 11 2 years BK 13 On AUS Accept/Approve Permitted with a min of 12 months timely payments on the payout and a court approval to enter into a mortgage transaction Foreclosure 2 years Deed-in-Lieu, Pre-foreclosure, Short Sale 2 years Mortgage Insurance No mortgage Insurance is required regardless of LTV on a VA loan. Subordinate Financing Permitted for closing … ................
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