Satori Mortgage logo
Buy A Home
Meet Our Team
Loan Products
Resources
Realtors
Apply Now
Second Chance Loans
What is a Second Chance Loan?

Bankruptcy, Foreclosure, Short Sale? APPROVED!

We understand life happens. You shouldn't have to wait to re-enter the housing market. Fill out the information below to learn more.
Loan Purpose
Eligible Properties
Vacation and Investment properties are eligible. We will also allow Single-Family Homes, Non-Warrantable Condos, Multi-Family properties, Manufactured Homes on land and even Vacant Land.
Alternative Income Options
Use Tax Returns, Profit and Loss Statements, Bank Statements or Seasoned Assets to document income
Foreclosures & Bankruptcy
Mistakes are made, we won't let them stop you from purchasing a home. There is no time requirement for Foreclosures, Bankruptcy or Short Sales, provided you have re-established yourself and your credit.
Our Promise
We know you have questions: Will I be qualified? How long will it take to close? What is the process of qualification and approval for a mortgage? Our promise is to do our best to address all of your questions and assist you throughout the process to maximize the chance of achieving your desirable results.
Second Chance Loans 101
The Second Chance loan gives borrowers an alternative mortgage solution when they have less than perfect credit or no credit. It’s an excellent option for a borrower with a previous bankruptcy, foreclosure or short sale. If you've been saving money and have enough for down payment, your credit may not be holding you back as much as you think. We believe everyone deserves a 2nd chance.  
ITIN Borrowers
An ITIN Second Chance Loan is designed for people who file taxes with an Individual Taxpayer Identification Number (ITIN) looking to purchase or refinance a home. A social security number is not always required, nor is a traditional credit score. If you file US taxes using your ITIN number, we can help!  
Gift Funds Allowed
Our Second Chance Loans allow gift funds to be used towards your down payment. There are no limits on the amount someone can give you for a mortgage down payment or closing costs. However, depending on the loan and property type, you may be required to contribute a certain percentage of the down payment from your own funds. 
Satori Mortgage logo
SATORI MORTGAGE
NMLS # 4190 Mortgage Broker
2808 West Broadway Minneapolis, MN 55411
(866) 405-3697
info@satorimortgage.com
Complaints may be directed to: Phone: (855) 906-6784 or Email: compliance@satorimortgage.com
LOAN OPTIONS
Buy A Home
Refinance
FAQs
RESOURCES
Blog
About Us
Privacy Policy
Legal Disclaimer
Calculator
SUPPORT
Communication Opt-Out
Your Feedback
Site Accessibility
JOIN OUR NEWSLETTER
NMLS logoEqual Housing Lender logo
Copyright ©2022 Satori Mortgage. NMLS# 4190. 2808 West Broadway Minneapolis, MN 55411 (866) 405-3697. All rights reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV