Why might UMe offer me a loan after a short sale, foreclosure, or bankruptcy event when other lenders can’t or won’t?

That is a fair question! And our answer comes in a few parts.

The first reason is that UMe is different because we want to serve our community here in California, not just make a profit like other financial institutions. We want to get to know you and your story and we want to help you in any way we can. The more information you can give us about your financial event, the better!

The second reason is that we’re a credit union. Credit unions have different regulations than the major banks and so we don’t need to wait the standard period after you’ve been through a short sale, foreclosure, or bankruptcy.

To get a little more technical, we don’t need your funds to be “seasoned” (sitting in your account doing nothing for a certain period of time) because we don’t sell our home loans onto the secondary market, to organizations that see you and your loan as just numbers on a balance sheet.

Feel free to reach out to one of our home loan gurus to find out if we can help you in your personal situation! Let’s turn your life into a feel-good story. It’s not too late!