Our Mission
"Our mission is to address your financial challenges by identifying the most effective solutions tailored to your unique circumstances."
Credit Reporting Facts.
Minimize your credit damage!
Having late mortgage payments is damaging to your credit, but it is far less severe than the impact of a bankruptcy, foreclosure, or short sale. If the homeowner brings the loan current, foreclosure can be avoided and credit recovery can happen much faster. This puts them in a much stronger position with future lenders and landlords.
Bankruptcy
10 years
A bankruptcy can significantly damage your credit, typically causing a large drop in your credit score and remaining on your credit report for up to ten years. Derogatory credit can cause higher rates on home loans, auto loans and even insurance premiums. It can limit your ability to rent an apartment.
Waiting Periods after discharge to purchase a home providing your credit has recovered.
FHA Loans: 2 years.
VA Loans: 2 years.
USDA Loans: 3 years.
Conventional Loans 4 years.
Foreclosure
7 years
A foreclosure can severely harm your credit, often causing a substantial credit score drop and remaining on your credit report for seven years, making it difficult and more costly to obtain future loans, housing, and favorable interest rates. It can limit your ability to rent an apartment.
Waiting Periods after a foreclosure is completed to purchase a home providing your credit has recovered
VA Loans: Typically 2 years .
FHA Loans: Typically 3 years
USDA Loans: Typically 3 years.
Conventional Loans Standard 7-years
Short Sale
7 years
A short sale can significantly impact your credit, often resulting in a considerable decrease in your credit score and remaining on your credit report for seven years. This can complicate and increase the cost of securing future loans, housing, and favorable interest rates. Additionally, it may restrict your ability to rent an apartment.
Minimum Waiting Periods After a Short Sale to purchase a home providing credit has recovered
Conventional Loans Generally 4 years
FHA Loans: Typically 3 years.
VA Loans: Generally 2 years.
USDA Loans: Typically 3 years.
We want you to know that we truly understand how overwhelming financial difficulties can feel, and you’re not facing this alone. Please don’t lose hope—many people go through challenging periods like this, and with the right support, there are solutions. When you’re ready, we’ll be here to walk with you step-by-step, explore every option, and help you work toward a more stable, manageable path forward. Your well-being matters, and we’re committed to supporting you through this.
Please feel fee to reach out to us with any questions.
If you would like to schedule a zoom call for more information, please send us an email.