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Mortgage After Bankruptcy
Arc Home's Clean Slate program can help you get a mortgage after bankruptcy discharge
Important Information - Please Read
Arc Home LLC is not currently licensed to conduct residential mortgage lending activities in Hawaii, Utah, and Nevada and this site is not intended for use by consumers seeking to obtain residential mortgage financing in either state.
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Eligible Properties
We lend on Primary, Second Home or Investment Properties, Rural Properties and Warrantable/Non-Warrantable Condos.
Up to 85%LTV
Minimum Credit Score of620
Funding from$100k-$3M
First-Time HomebuyerPrograms available
Clean Slate Program
The Clean Slate program helps individuals who have had credit challenges, bankruptcy or recent foreclosures^.
- Available for Cash Out Refinance, Rate and Term Refinance or Purchase
- Primary, Second Home or Investment Properties
- Options to qualify using 12- or 24-month statements or assets in lieu of employment available*
- Loans up to $3 million
- Credit score as low as 660
- Borrow up to 80% of the value of the property
Additional documents may be required for eligibility. This is not a reduced doc or low doc loan program.
We also have programs that allow you to qualify using Bank Statements, assets or 1099
Let us finance your next Investment Property.
Our Products
Frequently Asked Questions
1.
1. What is a Clean Slate mortgage?
Clean Slate loans allow eligible borrowers with recent credit events (foreclosure, bankruptcy, short-sale, or deed in lieu) to qualify for a mortgage. These loans are often a great option for borrowers who are on the road to repairing their credit.
2.
2. How do I qualify for a Clean Slate mortgage?
Eligible borrowers can qualify using W-2s/Tax Return/Paycheck stubs, 12- or 24-month bank statements, or personal assets. Borrowers must have at least 12 months seasoning from foreclosure, bankruptcy, and short sale.
3.
3. Are Investment Properties eligible for Clean Slate Mortgages?
Yes. Primary, Second Homes and Investment Properties are eligible. Additional reserves may be required for additional financed properties.