Cimarron Mortgage Company Loan Modification

Cimarron Mortgage Company is based in Jackson, Mississippi. Although still a small company (100+ employees), it has been originating loans since 199 3 and is one of the best-known lenders in the state. Like many small lenders, it started offering sub-prime mortgages in the mid-2000s to people who had less-than-perfect credit.

The real estate crisis has also prompted Cimarron to offer mortgage assistance to defaulting homeowners. But since it’s small, it doesn't have a clear program for loan modification. The staff are trained for refinancing and other forms of assistance, but Cimarron loan modification is still fairly new.

The requirements for Cimarron mortgage modification include proof of income, a hardship letter, and financial documents such as bank statements and pay stubs. The Cimarron loan modification process can take several months, depending on the borrower’s situation. To get the best results, one should work with a loan modification attorney who has experience with Cimarron mortgages and a positive track record.

Borrowers who don’t qualify for a loan modification with Cimarron can look into other options, such as refinancing, short sale, or deed-in-lieu. Each one has its own pros and cons. A loan modification attorney can offer professional advice on the best alternatives for every borrower.