With Home Point’s Purchase Loan programs, you may be eligible to purchase again in as little as one day after a short-sale or foreclosure!
- Standard Documentation required. Borrowers must document and source
all household income, assets, and liabilities
- Owner-Occupied Purchase or Rate/Term Refinance transactions only.
Second Homes, Units and Investment Property are not permitted
- Available to U.S. Citizens, Permanent Resident Aliens, and Non-Permanent
Resident Aliens with acceptable evidence of permission to reside in the U.S.
Non-Residents are not eligible
- First Time Homebuyers not permitted. All borrowers must have evidence of home ownership during the previous 5 (five) year period.
- Purchase or Rate/Term Refinance only. Cash Out is not permitted
- 5/1 and 7/1 Portfolio Hybrid ARMs with a 30 year fully amortizing term