Bank Owned Home Purchase Loans


Streamlined Home Financing

For the first time in decades, borrowers are seeking home purchase loans for bank owned homes. Nationwide offers mortgage financing for bank owned home purchase loans acquired after a foreclosure. The sub-prime mortgage debacle and declining property value have driven the foreclosures to record totals in 2008 and most experts predict that 2009 and 2010 will see the loan default trend continue. This creates an opportunity for homebuyers looking for deal.

With mounting foreclosures and short sales, banks have accumulated too much inventory for their liking. Needless to say, many borrowers are reporting discounted home for sale. Nationwide can help cut through red tape that typically goes along with buying a foreclosure.

Key Steps of Financing Foreclosure Homes

Pre-Approval from credible Mortgage Lender prior to offer

Liquid Assets for Down-Payment

Completed Property Inspection by licensed inspector

Appraisal- Value must be established by certified and licensed Appraiser

Underwriting Approval for Mortgage

Mortgage Rate Lock Agreement

Signed Loan Disclosures

We offer conforming, FHA and rehab loans to help you finance the real estate investment.

100% Purchase Loan with VA Mortgage: 0% down
97% FHA Home Mortgage Loan:
3% down
90% Conventional Loan with Mortgage Insurance:
10% down
80% Conforming Mortgage:
20% down

 

Preferred Loan Type
Property Type
Property Value
Credit Rating

Other Popular Home Loan Products:
Sub-Prime | Mortgage Loan Modification | Zero Down Home Loans -100% | Home Loans Foreclosed Homes | Bank Owned Home Purchase Loans | Short Sale Home Loans | Down-Payment Assistance Home Purchase Loans | FHA First Time Homebuyer Loans | Short Sale for Foreclosure Prevention | Home Finance | Purchase Loan | New Home Loan | Home Loan for Bad Credit | Low Credit Score Home Loans | No Credit Home Loans | Are Subprime Mortgages Coming Back in 2015
BD Nationwide Mortgage, 515 Encinitas Blvd. Ste 100, Encinitas, California 92024
Please be aware that this is not an advertisement for credit as defined by paragraph 226.24 of regulation Z. Nothing on this site contains an offer to make a specific home loan for any purpose with any specific terms. This is a web-site and no loans can be guaranteed as loans and rates are subject to change. Nationwide is affiliated with national lenders and a federally chartered bank located in Maryland licensed to offer home loans in all 50 states. Copyright 2001-2010 and Beyond, Nationwide Mortgage Loans - BDnationwidemortgage.com is a website and cannot make loans. All rights reserved.