Mortgage Miracles Happen
Mortgage Miracles Happen

Fresh Start – Damaged credit Mortgage Loans

Fresh Start eliminates seasoning requirements for bankruptcies, foreclosures, deed-in-lieu of foreclosures and short sales.

Fresh start is a non-QM (Non-Conventional) Mortgage Loan designed for borrowers who are recovering from a recent short sale, bankruptcy, foreclosure or deed-in-lieu, those with damaged credit.

Other features include:

  • Minimum 580 FICO scoring
  • Non-traditional credit histories may qualify
  • Up to 50% DTI ratios
  • No mortgage or rental pay history required
  • 1 day out of bankruptcy
  • Foreclosure, Less than 24 months, ok.
  • 100% gift funds from relatives permitted
  • 30 year Fixed & 5/1 ARM available
  • No mortgage or rental pay history required
  • No Pre-Payment penalties

Loan Amounts:

Minimum Loan Amount: $100,000

Maximum Loan Amount:  $1,000,000

Down payment requirements

  • Minimum 15% down (85% LTV) for a Primary Residence, SFR (Single Family Residence).

Purpose of Transaction

Rate & Term Refinancing
Cash Out Debt Consolidation (Refinancing) – Maximum cash-out is: $350,000

Ownerships allowed

  • Primary Residences
  • 2nd Home Financing
  • Investment properties


Property Types

  • Condo’s
  • Non-Conforming Condo’s
  • Condo Hotels
  • High Rise Condo’s


Income Documentation:

Tax Returns

Down Payment funds can be gifted to the borrower